Justices signal support for 401(k) investors’ suit

By Mark Sherman Associated Press writer

Posted February 25, 2015 2:55 PM

WASHINGTON — The U.S. Supreme Court appeared likely Tuesday to make it easier for participants in employee retirement plans to challenge companies’ investment decisions that eat into retirement savings. The justices heard arguments in an appeal filed by current and former employees of energy company Edison International. They object to the way the company manages employees’ 401(k) retirement accounts, including choosing mutual funds with excessive fees. The hearing comes amid heightened scrutiny of …

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