Labor/Employment
Oct. 2, 2026
Supreme Court case could affect over 90 million retirement plan participants
At stake is whether retirement plan participants will have ready access to federal courts to challenge poor or unsuitable investment choices and hold plan fiduciaries accountable.
It goes without saying that retirement income--whether from traditional defined benefit pensions, 401(k) plans or sources such as private investments, savings and Social Security--is of vital importance to older Americans. Unlike the guaranteed income that retired workers receive under defined benefit pension plans, the retirement income for workers who participate in 401(k) and other defined contribution plans is not guaranteed but instead is entirely dependent on investment performance n...
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