Target, Microsoft Lead Move Away From 401(k) Stock Investments


Erin Turley said the 2014 Supreme Court Dudenhoeffer ruling removed special legal protections and pressured company 401(k) fiduciaries not to invest in the company’s own stock. “One challenge that’s always present with company stock is that individuals responsible for making decisions about whether the investment is prudent may at times have sensitive and confidential information that puts them in a bit of the crosshairs,” Ms. Turley said.