Supreme Court to hear Northwestern 403(b) fee case: Why it's important to all plan sponsors

The U.S. Supreme Court will hear oral arguments on Dec. 6 in a lawsuit that contends that Northwestern University violated its duty under ERISA by allowing two 403(b) retirement plans to charge participants excessive investment and recordkeeping fees.

The case could have broad implications since dozens of similar lawsuits have been filed across the country. READ MORE