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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


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