Abstract
There have been a number of class action lawsuits filed against Section 403(b) retirement plans sponsored by prominent private sector universities alleging breaches of fiduciary responsibility and other failures prompted by new Internal Revenue Service regulations issued in 2007 under the Employee Retirement Income Security Act of 1974. More recently, the California State University 403(b) plan has been targeted for a class action lawsuit under state law. This article examines Section 403(b) plans, Internal Revenue Service and Department of Labor regulations and employer responses to the new rules. The consequences of these lawsuits could be immense.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
