Yale, MIT, NYU sued over employee retirement plans

NEW YORK (AP) — Employees of the Massachusetts Institute of Technology, New York University and Yale University are suing the schools over their handling of employee retirement plans, alleging too-high fees have undercut their savings. Missouri law firm Schlichter, Bogard & Denton, which represents the employees, said the schools' actions as retirement plan sponsors caused workers to pay millions of dollars in "unreasonable and excessive fees" related to their 401(k) or 403(b) accounts. That in

NEW YORK (AP) — Employees of the Massachusetts Institute of Technology, New York University and Yale University are suing the schools over their handling of employee retirement plans, alleging too-high fees have undercut their savings. Missouri law firm Schlichter, Bogard & Denton, which represents the employees, said the schools' actions as retirement plan sponsors caused workers to pay millions of dollars in "unreasonable and excessive fees" related to their 401(k) or 403(b) accounts. That in…