Jottings By An Employer's Lawyer

Wednesday, July 09, 2003

Implications of Enron Pension Challenge Could Be Far Reaching

The Philadelphia Inquirer story takes a bigger picture view of what the allegations that Enron employees were encouraged/required or lied to in order to have them keep their 401(k) plans heavily invested in company stock may mean. Proposed legislative changes and a rising number of class action suits challenging employers' could have the perverse effect of making 401(k) plans less attractive to employers.

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