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Supreme Court weighs 401(k) case over private fund underperformance
Original: How Supreme Court justices are leaning in major 401(k) case over private funds and underperformance
The Supreme Court is hearing a major case about whether 401(k) retirement plans can face lawsuits for including poorly performing private investment funds. Reporting outlines how the justices appeared to lean during arguments on the question of liability for fund underperformance, a dispute that could reshape fiduciary standards for retirement plan sponsors and affect millions of workers' savings.
Why now: The ruling could redefine legal liability for retirement plan fiduciaries and impact workers' 401(k) options nationwide.
Supreme Court of the United States401(k) plans
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- How Supreme Court justices are leaning in major 401(k) case over private funds and underperformance · CNBC
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