When 403(b) Prudence Claims Survive Dismissal

By Arthur Marrapese (May 16, 2018, 2:26 PM EDT) -- In March of this year, the U.S. District Court for the District of Connecticut in Vellali v. Yale University granted in part and denied in part a motion to dismiss a lawsuit against Yale's 403(b) plan fiduciaries. The Vellali complaint alleges that Yale's 403(b) plan sustained losses resulting from the mismanagement of the plan's investment and record-keeping functions....

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