SCOTUS vacates Northwestern rulings
In a decision that's almost certainly unwelcome news for retirement plan sponsors, the Supreme Court said lower courts paid too much attention to whether the university's inclusion of some low-cost options in its plans is sufficient to show fiduciaries abided by their duties.
Retirement plan sponsors everywhere Monday got what is almost certainly unwelcome news: The Supreme Court overturned lower courts' dismissals of a long-running case against Northwestern University.
The court ruled unanimously, excluding Justice Amy Comey Barrett, who did not participate, that the
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