Webinar: Does your 401(k) plan subject you to additional liability?
Last year, the U.S. Supreme Court handed down a decision in Tibble v. Edison where employees in a company sued their employer for selecting retirement plans whose fees were too expensive. The Court ruled in favor of the employees, saying, among other things, that "a trustee has a continuing duty — separate and apart from the duty to exercise prudence in selecting investments at the outset — to monitor, and remove, imprudent trust investments."
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