In a decision with far-reaching implications, the U.S. Supreme Court has ruled that companies must monitor the performance and fees of 401(k) plan investments. MIKE CORKERY talks to LI Business News about the potential added responsibilities to plan providers.
“Anytime you have a law suit that’s the first of its kind, you tend to have the snowball effect,” Corkery said. “I think there’s more potential for the lawsuit to change business practices for the better, because companies want to avoid litigation like this.”
