Some Limited Trouble with Tibble? (Part II) – Supreme Court Decides Excessive-Fee Case Involving 401(k) Plan
May 21, 2015
Earlier this week, the U.S. Supreme Court unanimously decided the case of Tibble v. Edison International. In Tibble, the Court held that the statute of limitations under the Employee Retirement Income Security Act of 1974 (“ERISA”) permits participants under “401(k)” and other participant-directed retirement plans to bring claims that plan fiduciaries failed adequately to monitor investment fund options, where the investment funds at issue were initially selected for the plan’s menu of investment options more than six years before the claim.
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