MIT, NYU, Yale sued over retirement plan fees

How 401(k) fees eat away at your savings

Massachusetts Institute of Technology, New York University and Yale University are being sued by employees who say their retirement plan fees are too high.

Faculty and staff members allege that the universities have failed to fulfill their legal duty to monitor the investment options and fees for their 401(k) and 403(b) plans, which in turn have reduced their retirement savings.

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