Another employer win in a stock drop suit indicates it is tough for retirement plan participants to meet the pleading standards set forth in Fifth Third v. Dudenhoeffer.
Tag: 401(k) plans
The Fed's analysis concludes that 401(k) plans “could work much better and balances would be higher if all plans were fully automatic.”
A federal district court ruled the plaintiffs did not meet all the pleading standards set forth by the U.S. Supreme Court.
Employees say they use company stock acquired through their ESPP to help pay down debt, add to their retirement savings, finance real estate or home improvement projects, or simply set aside for a rainy day.
“I read with great interest your recent Ask the Experts column about one-time irrevocable elections for 403(b) plans.