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Supreme Court Unanmiously Votes for Fiduciary Responsibility on 401(k) Fees

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It is very rare now to get a agreement by the judges and telling that Breyer wrote the final opinion.  Our Rich and Co. Senior Associate Aryeh Younger, wrote a comment on his Huffington Post blog.  Here is an excerpt:

“It seems that every other day we hear stories involving insider trading and unethical investing. The effects of unethical insider investing extend well beyond my school and into the life savings of American employees and retirees. However, this past week the Supreme Court granted a major victory to investors seeking to protect their assets in pension and 401(k)/defined contribution plans. In Tibble v. Edison, the Court interpreted the Employee Retirement Income Security Act (ERISA) to expand the fiduciary duties owed by managers of 401(k) plans.”

The full post is here.

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Written by Rich and Co.

May 22, 2015 at 3:37 pm

Posted in Uncategorized

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