Wood Group Prevails In ERISA Fight Over Target-Date Funds

By Kellie Mejdrich (February 26, 2024, 7:28 PM EST) -- A California federal judge ruled in favor of an engineering firm and its retirement plan investment manager in a class action from employee 401(k) participants alleging mismanagement, concluding after a nine-day bench trial that a suite of in-house target-date funds offered to retirees were properly selected and monitored....

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