High Court's Tibble Opinion Matters Now More Than Ever

Law360 (December 21, 2018, 12:48 PM EST) -- Regardless of whether they are employed at a for- or not-for-profit company, all workers have the same protections and rights to build their retirement savings and are entitled to the benefits of their lifelong work. But what happens when an organization fails to act prudently in managing a retirement plan, no matter if it is a 401(k) or 403(b)? The answer is the landmark U.S. Supreme Court decision, Tibble v. Edison International, a decision that has helped employees and retirees save over $2 billion per year, across the country, in reformed plans. As seen in numerous rulings and settlements throughout 2018,...

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