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Squire provides complete and personalized tax management and planning solutions to meet your needs.

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Squire provides complete and personalized tax management and planning solutions to meet your needs.

401(k) plans must be monitored by employers, high court says

The U.S. Supreme Court has ruled that employers providing 401(k) plans have an ongoing duty to review investments offered. It’s necessary to “monitor trust investments and remove imprudent ones,” according to the ruling. A six-year statute of limitations on breach of fiduciary duty doesn’t bar lawsuits against those who fail to carry out this responsibility, the court says.