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Cashed-Out Participants Keep Legal Standing Under ERISA
planadviser Link to more items from this source
June 17, 2008

Excerpt: A federal appellate court ruled that employees don't lose the right to pursue individual claims when they cash out their plan balances. The 4th U.S. Circuit Court of Appeals decision released Monday came in a consolidated action involving four lawsuits charging that employers violated their Employee Retirement Income Security Act (ERISA) fiduciary duties by investing plan assets in mutual funds that permitted market timing.

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