Topics

Retirement
Millions of 401(k) plans could get boost from Supreme Court
Millions of 401(k) plans could get boost from Supreme Court

More than 50 million Americans with retirement funds through their jobs may get a boost from the Supreme Court. A case heard by the justices Tuesday involved whether workers can sue their employers if the employer offers mutual funds that have excessively high fees. ------------ FOR THE RECORD Feb. 24, 1:45 p.m.: An earlier version of this article had a headline that referred to IRAs. The ruling would affect 401(k) plans. ------------ Lawyers for the Obama administration said the federal law that protects retirement funds requires employers to act as "prudent" investors and to act "solely" in the interest of their employees and retirees. That means not just...

Loading