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Welcome to the Snell & Wilmer Benefits Blog. We will be posting about current employee benefits and executive compensation topics and issues. We invite you to contact the authors with your thoughts or questions.Blog Contributors
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Second Time Around: Seventh Circuit Given First Opportunity to Analyze the Duty of Prudence Post Hughes
On August 29, 2022, the U.S. Court of Appeals for the Seventh Circuit affirmed the dismissal of a 401(k) plan participant’s claims that plan fiduciaries mismanaged the $1.1 billion 401(k) plan and charged participants excessive fees. This was the first … Continue reading
Posted in Employee Benefits
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More is Not Always Better: Supreme Court Reexamines Fiduciary Duty of Prudence
In what may be one of the shortest decisions this term, the Supreme Court handed down a unanimous six-page opinion on January 24, 2022 in Hughes v. Northwestern University. Vacating the Seventh Circuit’s decision, the Court further defined an ERISA … Continue reading
Posted in Employee Benefits
| Tagged duty, ERISA, fiduciary, fiduciary duty, hughes, northwestern, SCOTUS, Supreme Court
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