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Court Ruling on Intel's DC Plan Sparks Trepidation
Pensions & Investments Link to more items from this source
Mar. 9, 2020

"One immediate impact could mean more lawsuits in the circuits where courts have until now upheld the shorter time frame.... The next practical steps for sponsors to consider are how to ensure that participants are not only receiving, but also understanding and accepting the information.... Another question to be addressed when the lower court decides the substantive claims of the Intel case is whether the risk of litigation has spooked sponsors away from offering alternative investments in their defined contribution plans, an area where Intel had been seen as an innovator, until the lawsuit." [Intel Corp. Investment Policy Comm. v. Sulyma, No. 18-1116 (S. Ct. Feb. 26, 2020)]

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