X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The uncertainty in the USC case raises the question as to why more sponsors of DC plans don’t write arbitration agreements into plan documents. But claims against sponsors would not necessarily go away if arbitration agreements were enforceable. (Photo: Shutterstock)

Future class-action lawsuits against sponsors of defined contribution plans brought under the Employee Retirement Income Security Act could very well be stymied by the Supreme Court if the fiduciaries of the University of California’s 403(b) plan get their way.

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

More from this author

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.