SUPREME COURT RULES WORKERS CAN SUE OVER HIGH 401(K) FEES
On Monday, The Supreme Court of the United States ruled that workers can sue their employers over high fees in their 401(k) plan offerings. Workers have complained for years about being forced to choose high fee investment options in their 401(k) plans because of a lack of other options. In a 9-0 decision, the justices decided that employers could be sued if their retirement plans offer employees mutual funds with unnecessarily high fees.
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