On May 18, 2015, the Supreme Court ruled that companies offering 401k plans have a duty to select low-cost investment funds for the plan and to monitor the investments continuously and remove imprudent ones. This ruling is a huge win for 401k plan participants. I expect that within the next several months, employers offering retirement […]
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Are Low-Cost Funds Coming your Employer’s 401k Plan?
By Michael Wroblewski, CFP® on March 3, 2015 in Long-term Investment Strategies, Retirement Planning
On February 24, 2015, the Supreme Court heard oral arguments in a case that could alter the selection of mutual funds in your employer’s 401k plan for the better. At issue is whether a claim is barred by ERISA’s statute of limitations against an employer plan sponsor that allegedly breached its fiduciary duty of prudence […]