Supreme Court case could alter defined-contribution plans

02/12/2014 | Employee Benefit News

A case involving the 401(k) plan of Fifth Third Bancorp before the U.S. Supreme Court could lead to changes in the types of investments offered by sponsors of defined-contribution retirement plans. The case looks at whether the company violated its "duty of prudence" under the Employee Retirement Income Security Act when it offered the Fifth Third Stock Fund as an investment option under the 401(k) plan.

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