September 28, 2017

Higher education: Prevent a retirement plan lawsuit with these solutions

During the fall of 2016, numerous lawsuits were filed against some of the nation’s most respected universities’ retirement plans. The lawsuit allegations claimed these institutions (plan sponsors) failed to uphold multiple fiduciary duties to their employees as participants.

Over a year later, higher education lawsuits in the retirement plan space continue to be a topic of interest. That’s why CBIZ Retirement Plan Services created a checklist of solutions for institutions and universities to help prevent and/or resolve future litigation of common issues related to retirement plan offerings. 

For more information, please visit www.cbiz.com/retirement or contact Brad Sieniawski at bsieniawski@cbiz.com.  

CBIZ Retirement Plan Services is a trade name under which certain subsidiaries of CBIZ, Inc. market investment advisory, third party administration, actuarial and other corporate retirement plan services. Investments and advisory services offered through CBIZ Financial Solutions, Inc., Member FINRA, SIPC and SEC Registered Investment Adviser, dba CBIZ Retirement Plan Advisory Services. CBIZ Financial Solutions, Inc. is a subsidiary of CBIZ, Inc. (NYSE Listed: CBZ)

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