Employers must monitor 401(k) fees, Supreme Court rules

The United States Supreme Court says 401(k) plans must monitor the investment options being offered, reports Bloomberg.

“The justices unanimously revived claims that Edison International’s 401(k) plan should have shifted investors from the retail class shares of three funds into identical institutional class shares that carried lower fees,” Bloomberg reports.

There have been more than a dozen similar lawsuits filed against companies in the past decade.

To read the whole story, visit Bloomberg’s website.

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