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May 27, 2015

Fred Reish Quoted in the Chicago Tribune

Los Angeles partner Fred Reish was quoted in a Chicago Tribune article titled, “What the Supreme Court’s ruling means for your retirement savings.” The article discussed the court’s ruling that employers have an ongoing duty to monitor 401(k) investments.

Fred commented on a key takeaway from this decision: although participants individually may not be too strongly focused on their savings plan details, their employers must be aware that courts are now expecting more from them. “Every dollar that doesn’t get charged to a participant, over 20 years that adds up to a lot of money and can affect their retirement,” he said.

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