New Worries for 401k Plans

• Posted by Law.com on May 13th, 2008


• Filed in Risk Management & Compliance, Tax & Benefits

The Supreme Court recently ruled inLaRue v. DeWolff, Boberg & Associates that an investor in a 401(k) plan can sue to recover losses from the plan’s breach of fiduciary duty. Although LaRue dealt with the mishandling of investment selections, other areas of 401(k) plans may be affected in the future, writes attorney Joseph Musher, who says the consequences of the high court ruling are potentially far-reaching. How should companies respond?

New Worries for 401k Plans