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Supreme Court’s ruling in Cornell’s 403(b) 'high fees' case could bring a ‘tsunami’ of lawsuits

By Lynn Cavanaugh

Since the Court took a worker-friendly approach on behalf of the University’s 28,000 employees in this excessive fees suit, the final ruling could burden plan fiduciaries and open the floodgates of meritless litigation, say retirement industry groups ERIC and the Spark Institute.

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Retirement Readiness Index: It’s a wake-up call, as ‘too few’ are prepared

The index was designed to spark a national conversation, shine a light on the areas where Americans are falling short, and provide a roadmap for workers and employers to take action, according to IRALOGIX.

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April 17, 2025

Supreme Court sides with workers in Cornell University's ERISA ‘excessive fees’ retirement suit

In a unanimous decision, the justices take a worker-friendly approach on behalf of 28,000 employees who accused the university of paying excessive 403(b) plan recordkeeping fees, giving them another chance to challenge their employer.

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As regulatory landscape continues to shift, retirement & health care benefits evolve

Eighty-five percent of corporate partners increased employee premiums for at least one plan, and 7% have added a new no-deductible plan option in the last two years.

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April 16, 2025

Biden breaks silence to slam Trump over Social Security cuts

In his first speech since leaving the presidency, Joe Biden spoke last night of Trump’s “damage and destruction” to the Social Security Administration, while the White House announced yesterday that Trump will always protect Social Security benefits.

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April 16, 2025

Pension tensions: Public sector union in Canada calls for retirement plans to dump Tesla stock

Earlier this month, the American Federation of Teachers president urged chief fiduciary officers to urgently review their Telsa holdings in pension funds. Now Canada’s largest federal public sector union is following suit.

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April 15, 2025

No ‘fiduciary breach’: AT&T wants its ‘cookie-cutter’ 401(k) forfeited funds lawsuit dismissed

The telecom giant is one of the latest employers to get sued for using forfeited plan funds from departed employees to pay administrative expenses, in violation of ERISA duties.

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12 tech trends shaping the future of 401(k)s: New solutions to help close the retirement savings gap

Now more than ever, America can tackle the retirement industry’s most pressing challenges while serving small employers and communities of color and supporting advisors and providers in order to give every worker a shot at financial security, says a new report.

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Top Retirement Trends Stories

Supreme Court’s ruling in Cornell’s 403(b) 'high fees' case could bring a ‘tsunami’ of lawsuits

Supreme Court wants DOL to weigh in on Home Depot’s 401(k) ‘excessive fee’ lawsuit

401(k) contribution limit projections for 2026: Milliman

Recommended Just For You

Retirement Trends Stories

Retirement Readiness Index: It’s a wake-up call, as ‘too few’ are prepared

Supreme Court sides with workers in Cornell University's ERISA ‘excessive fees’ retirement suit

As regulatory landscape continues to shift, retirement & health care benefits evolve

Biden breaks silence to slam Trump over Social Security cuts

Pension tensions: Public sector union in Canada calls for retirement plans to dump Tesla stock

No ‘fiduciary breach’: AT&T wants its ‘cookie-cutter’ 401(k) forfeited funds lawsuit dismissed

12 tech trends shaping the future of 401(k)s: New solutions to help close the retirement savings gap