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With 401(k) plans taking over from pensions as the chief employer-provided means of saving for retirement, there’s plenty of ground to cover in keeping up with fiduciary obligations of those who have to administer the plans and their assets.
A new brief from the Center for Retirement Research at Boston College looks at the proliferating phenomenon of lawsuits over those fiduciary obligations, the reasons for the lawsuits and the effects they have on the 401(k) plans they challenge, including the potential to throttle innovation.
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