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The amended claim alleged Duke used plan assets to pay for the salaries and fringe benefits of some University human resource employees, amounting to a prohibited transaction under the Employee Retirement Income Security Act.

Two lawsuits against fiduciaries of Duke University’s 403(b) retirement plan will be settled for $10.65 million, pending a court approval of the agreement between the parties.

Nick Thornton

BenefitsPRO

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