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| Compliance |
| Target Corporation Faces 401(k) Stock Drop Lawsuit |
| A proposed class action lawsuit filed by a participant in Target Corporation’s 401(k) plan alleges the company violated its fiduciary duties under the Employee Retirement Income Security Act (ERISA) by continuing to allow participants to invest in the company stock fund when it was no longer prudent. In the complaint, the plaintiff suggests several actions Target could have taken when it knew or should have known its stock price was artificially inflated.Read more > |
| Fidelity’s Use of Float Income Not Improper |
| An appellate court ruled that the float income incurred when making distributions to retirement plan participants are not plan assets.Read more > |
