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prudencedefined contribution plansduty to monitor
Hughes v. Nw. Univ.
Hughes v. Northwestern University, 595 U.S. 170 (2022)
Key Principle
Under ERISA's duty of prudence, plan fiduciaries must conduct their own independent, ongoing evaluation of plan investments and remove imprudent options within a reasonable time; offering some prudent, low-cost options does not insulate fiduciaries from liability for also retaining imprudent ones.
Area of Law
General
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