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Supreme Court Reaffirms Duties of Retirement Plan Sponsors to Monitor and Update Investment Options
SCOTUSblog 
Jan. 25, 2022 "The most important part of the opinion probably will be its rejection of the 7th Circuit's 'exclusive focus on investor choice,' which reflects a decisive holding that it is not enough to insulate sponsors from liability to identify well-designed options that employees could have chosen. Rather, sponsors have an ongoing duty to protect employees from making poor investment choices by monitoring and removing those choices from the menu of the plan." [Hughes v. Northwestern Univ., No. 19-1401 (S. Ct. Jan. 24, 2022)] |
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