Since August 1st, twelve Class Action lawsuits were filed against universities for breaches of ERISA Fiduciary Duties:
Yale: $3.6 Billion Assets under management (AUM), 37,939 participants
NYU: $4.2 Billion AUM, 24,164 participants
Columbia: $4.6 Billion AUM, 27,000 participants (there are two separate lawsuits)
Cornell: $3.1 Billion AUM, 29,452 participants
U of Penn: $3.88 Billion AUM, 26,904 participants
Duke: $4.7 Billion AUM, 37,939 participants
Johns Hopkins: $4.3 Billion AUM, 24,561 participants
Vanderbilt: $3.4 Billion AUM, 41,863 participants
Northwestern: $2.87 Billion AUM, 33,015 participants
USC: $2.19 Billion AUM, 28,423 participants
Emory: $3.66 Billion AUM, 51,797 participants

Here are some allegations:
. No competitive bidding process
. Excessive fees
. Underperforming mutual funds
. Duplicative mutual funds
. Incorrect, more expensive (sometimes Retail), Share Class

Class Action is in session!