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Home / Employment Law / Ruling in case with S.C. roots opens door to 401(k) lawsuits (access required)

Ruling in case with S.C. roots opens door to 401(k) lawsuits (access required)

Despite statutory language barring suits for individual damages, an employee of a South Carolina-based management consulting firm could recover losses under ERISA after the firm failed to make requested changes to his 401(k) allocations, the U.S. Supreme Court has ruled. "You cannot overstate the importance of this opinion for folks with 401(k) plans and any sort ...

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