Alicia M. ChiuBlog Posts
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Universal Health Loses Appeal to Undo 60,000-Person Class in Excessive Fee Case
The Third Circuit Court of Appeals recently held that as the plan fiduciary of Universal’s defined contribution plan, Universal Health Services Inc. and its plan investment committee (collectively “Universal”) must face a class action claiming its retirement plan included imprudent investment options charging excessive fees to more than 60,000 participants, even though the three named... Continue ReadingJune 10, 2022