The Supreme Court has postponed the hearing for a case against Intel Corp. regarding alleged imprudent investment options in its 401(k) plans until its next term, beginning in October. Both parties requested more time to submit documents. The case will revisit the “meaningful benchmark” rule, which requires plaintiffs to identify comparable investments when alleging mismanagement of retirement plan assets.
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Supreme Court Delays Intel 401(k) Hearing Until October
The Supreme Court has postponed the hearing for a case against Intel Corp. regarding alleged imprudent investment options in its 401(k) plans until its next term, beginning in October. Both parties requested more time to submit documents. The case will revisit the “meaningful benchmark” rule, which requires plaintiffs to identify comparable investments when alleging mismanagement of retirement plan assets.