U.S. Supreme Court courtroom in Washington, D.C. Credit: Carol M. Highsmith/Library of Congress via Wikimedia Commons
The US Supreme Court on Wednesday heard oral arguments over Cornell University’s 403(b) retirement plan lawsuit, Cunningham et al. v. Cornell University, et al., giving the justices a chance to clarify what employees challenging recordkeeping fees must allege to advance their claims. The decision will resolve a split among circuit courts over Employee Retirement Income Security Act standards – and ultimately dictate how easy or difficult it is for workers to argue that retirement plans violate ERISA rules.
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Lynn Cavanaugh
Lynn Varacalli Cavanaugh is Senior Editor, Retirement at BenefitsPRO. Prior, she was editor-in-chief of the What's New in Benefits & Compensation newsletter. She has worked for major firms in the employee benefits space, Vanguard and Willis Towers Watson, as well as top media companies, including Condé Nast and American Media.
