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Supreme Court hears major 401(k) lawsuit over private funds
Original: How Supreme Court justices are leaning in major 401(k) case over private funds and underperformance
The Supreme Court is weighing a 401(k) case examining whether retirement plan fiduciaries can be held liable for offering private investment funds that underperformed cheaper alternatives. Justices' questions during arguments are being closely read for how they may rule, with the outcome potentially reshaping how employers select funds in workplace retirement plans and the standard for suing over investment losses.
Why now: The ruling could reshape legal liability for employers managing millions of Americans' 401(k) retirement savings.
Supreme Court of the United States401(k)CNBC
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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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