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MIT Strikes $18M 401(k) Class Settlement With Workers

By Chris Villani (October 29, 2019, 10:37 AM EDT) -- A class of Massachusetts Institute of Technology employees asked a judge late Monday to bless an $18.1 million settlement and $6 million in attorney fees for Schlichter Bogard & Denton LLP and other firms who brought the suit claiming the university violated the Employee Retirement Income Security Act by allowing excessive 401(k) fees....

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