On Monday, May 18, the U.S. Supreme Court came to its decision on Tibble v. Edison, a 401(k) lawsuit filed initially in 2007. This lawsuit was brought on by employees against their employer’s 401(k) plan because of its high fees. Darla Mercado, in an article published in InvestmentNews, discusses the importance of the decision on this case, which confirms the responsibility for plan sponsors to periodically review fund performance, fee policies, quality of providers, etc.
Please read the full article about Tibble v. Edison at Investment News.
For more information on Brickley DeLong 401(k) plans or employee benefit plans, please contact Brenda Jacobs at (231) 726-5880 or firstname.lastname@example.org
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