Block on Trump's Asylum Ban Upheld by Supreme Court
Employees may file individual lawsuits against their employers over the mismanagement of 401(k) retirement investment plans, the U.S. Supreme Court ruled on Wednesday. In a unanimous decision, the Court determined that the Employee Retirement Income Security Act of 1974 (ERISA) authorizes "recovery for fiduciary breaches that impair the value of plan assets in a participant's individual account" -- not just suits for actions that affect the entire plan. The Washington Post reports that over 50 million employees have almost $3 trillion invested in 401(k) plans.
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