Goldman Sachs Wins Summary Judgment In 401(k) Class Action Over Proprietary Funds

Mealey's (September 19, 2022, 1:47 PM EDT) -- NEW YORK — Ruling in part that the Employee Retirement Income Security Act does not require a defined-contribution 401(k) plan to have an Investment Policy Statement (IPS), a federal judge in New York granted Goldman Sachs and related defendants summary judgment on all claims in a class action in an opinion dated Sept. 14 and unsealed Sept. 15....

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