Retirement plan sponsors and their consultants are attentively following the Supreme Court today as it hears oral arguments in Fifth Third Bancorp v. Duddenhoeffer, a case that has implications for the retirement plan industrys fiduciary standard in employee stock ownership plans.
The Supreme Court is scheduled to start its adjudication of the case involving Cincinnati, Ohio-based Fifth Third Bancorp, a financial services company with over $130 billion in assets on April 2. The case addresses whether the company was was prudent under the Employee Retirement Income Security Act to include its Fifth Third Stock Fund as an investment option in the company-sponsored retirement plan.
Register or login for access to this item and much more
All Employee Benefit News content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access