On May 22, the AARP featured comments from Tax Partner Michael A. Abbott on the recent Tibble v. Edison Supreme Court ruling that is expected to provide greater protection to 401(k) participants.
"Thousands of employers who sponsor 401(k)s will need to continually monitor the investments offered to participants," said Mr. Abbott. “And all employees will now have the ability to invest their 401(k) dollars in more up-to-date, prudent and lower-cost offerings."
The full article can be accessed here.
Related News
18 April 2025
In the News
Kyle Hayes Joined NPM Interconnections Podcast to Discuss Green Hydrogen Industry
Foley & Lardner LLP partner Kyle Hayes joined the New Project Media Interconnections podcast to share insights on the state of the green hydrogen industry in the United States.
17 April 2025
In the News
Donald Schroeder Shares Insight on Legislative Push for Gig Driver Unionization
Foley & Lardner LLP partner Donald Schroeder commented on the legislative push for gig driver unionization in the Law360 article, "Minn. Gig Driver Union Bills Raise Employee Status Concerns."
17 April 2025
In the News
Foley Attorneys Publish on International Arbitration's Role in Tariff Dispute Resolution
With the Trump administration's emphasis on tariffs, including introducing tariffs against the U.S.' three biggest trading partners and advocating for an External Revenue Service to collect tariffs and other foreign revenue, members of the business world face increasing uncertainties as they assess and renegotiate the cost of doing business and obligations under a changed economic and political landscape, increasing the likelihood of contract disputes.