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Retirement Plan › Benefit Plan Sponsors › Stock Float

Proskauer - Employee Benefits & Executive...

Fidelity Prevails In ERISA Float Litigation

Proskauer - Employee Benefits & Executive... on

The First Circuit joined the Eighth Circuit in finding that Fidelity’s practice of earning overnight “float” interest on the cash paid out to 401(k) participants redeeming shares in mutual funds did not violate ERISA’s duty...more

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