Supreme Court Reaffirms That Defined Contribution Retirement Plan Fiduciaries Must Continually Monitor Investment Options and Remove Imprudent Ones

Melanie Aska
Harris Beach Murtha PLLC
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On January 24, 2022, in Hughes v. Northwestern University, the U.S. Supreme Court unanimously affirmed its 2015 decision in Tibble v. Edison International, holding that fiduciaries of ERISA-subject defined contribution retirement plans have a continuing duty to prudently monitor a plan’s investment options and to remove imprudent investments from the plan’s investment line-up.

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