The U.S. Supreme Court has taken a modest step to ensure the fiduciary “duty to monitor” retirement plan investments is defined as a distinct duty from the initial requirement to prudently select investments under ERISA.
The U.S. Supreme Court on Monday broadened the responsibility of defined contribution plans, saying they have a “continuing duty to monitor trust investments and remove imprudent ones” even though federal law sets a six-year time limit for lawsuits...
Tony Powers's insight:
Do you have a process to monitor the investments in your retirement plan?
Most American teens are not learning in high school about the basics of paying bills, building good credit and avoiding debt, even as they’re increasingly relying on student loans to finance their education.
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