Allegation language only. The following describes claims made in public filings or reporting. No defendant is described as guilty or liable unless a court has so found. Settled matters resolved without an admission of liability.
What the lawsuit alleges
Alleged failure to competitively bid recordkeeping and a problematic arrangement with the plan's recordkeeper. Reported settled for $18.1 million.
Who may be affected
Current and former participants and beneficiaries of the MIT 403(b) 403(b) plan during the relevant class period. Eligibility depends on the plan, role, and dates of participation — request a free review to confirm.
Case status & source
Status: Settled · Reported amount: $18.1M.
- Primary source pending — attach the verified public link (court filing, DOL release, or reputable outlet) before publishing.
Related practice area
403(b) plan litigation overview · All plan & employer lawsuits
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