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The Supreme Court Considers Defined Contribution Plans
John Rekenthaler in Morningstar; registration may be required
Dec. 10, 2021 "The primary issue before the court was specific: whether to overturn a 7th Circuit judgment that defined contribution plans that offer both acceptable and unacceptable investment offerings fulfill their fiduciary duties, because employees may freely choose the sound options while ignoring the duds.... That question may have been answered.... Most of the discussion, however, ranged elsewhere, and messily at that." [Hughes v. Northwestern Univ., No. 18-2569 (7th Cir. Mar. 25, 2020; oral arg. transcript Dec. 6, 2021)] |
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