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Supreme Court Rules On 401ks: What You Need To Do About It

 

For the second time in a year, the United States Supreme Court issued a 9-0 unanimous opinion regarding the duty of employer investment plans. Last year, the Court rejected the so-called presumption of prudence as it relates to Employee Stock Ownership Plans (ESOPs). This month, the Court employed a continuing duty of prudence standard in refusing to dismiss a suit related to a 401(k) plan under a six-year statute of limitations.