Yale-New Haven Hospital Annuity Plan Breach of Fiduciary Duty ERISA Complaint

January 21, 2022

The defendants in this case are the parties with responsibilities toward the Yale-New Haven Hospital and Tax Exempt Affiliates Tax Sheltered Annuity Plan—that is, Yale-New Haven Hospital, Inc., its Board of Directors, and the plan’s Investment Oversight Committee. The complaint alleges that these defendants breached their fiduciary duties to the retirement plan by permitting high costs, high fees, and poor investment choices, violating the Employee Retirement Income Security Act (ERISA).