3 Takeaways From Intel Retirement Plan Leaders' ERISA Win
By Joshua Lichtenstein, Daniel Ward and David Kirchner (February 16, 2021, 1:45 PM EST) -- The status of alternative investments as viable options on 401(k) plan menus received a significant boost on Jan. 21, as a California federal judge granted defendants' motion to dismiss in the latest development in the closely watched Anderson v. Intel Corp. Investment Policy Committee case.
In a strongly worded opinion, U.S. District Judge Lucy Koh of the U.S. District Court for the Northern District of California rejected claims that the defendants breached their Employee Retirement Income Security Act, or ERISA, fiduciary duties by including certain alternative assets — such as hedge funds and private equity — in Intel's defined contribution plans....
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