Category: Markets
Published: 2026-06-22T16:57:38.000Z
The Third Circuit Court of Appeals has sided with Quest Diagnostics Inc. in a case challenging the investment options available in its 401(k) plan. The court ruled that despite some funds having "subpar returns," Quest's fiduciaries followed a prudent process in managing the plan and were not legally obligated to remove funds based solely on poor performance. This decision affirms that the company met its legal duties by regularly reviewing plan investments.
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