The Supreme Court’s Misplaced Ruling on 401(k) Plans

2015-06-16T00:09:17-07:00June 16th, 2015|Categories: 401(k)|Tags: , |

Last month, the Supreme Court effectively expanded employers’ responsibility for the performance of the funds in their 401(k) plans, ruling that employers must regularly monitor the investment options in their plan and remove funds with high fees or poor returns. The ruling’s goal, protecting retirement savers from high fees and poor performance, is both admirable and desperately needed. More than half of all workers now rely on 401(k)s for retirement, yet high 401(k) fees are still costing savers dearly: [...]