Supreme Court: Employers Must Review 401(k) Investments
The court has ruled in favor of participants in Edison International’s 401(k) plan who claimed company fiduciaries violated their duty to monitor three retail-class funds.
Decision to Impact Share Classes
Ruling Forces Advisors to Pick Appropriate Fund Share Classes
It's a potentially daunting task since some funds may have 10 or more share classes, says ERISA guru Fred Reish.