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MIT Wants Answers In Employees' Suit Over Retirement Plan

Law360 (June 13, 2018, 8:13 PM EDT) -- The Massachusetts Institute of Technology on Tuesday blasted employees who have accused the university of mismanaging its retirement plan for refusing to cough up "elementary information" such as which particular investment options they contend performed badly or cost too much.

MIT filed a motion to compel the proposed class of employees — who have alleged in their suit that the university breached its fiduciary duties under the Employee Retirement Income Security Act by failing to prudently monitor its 401(k) plan's investment options and administrative fees —...
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