Jerry Schlichter says he wasn't surprised by this week's Supreme Court decision in Tibble vs. Edison.
"We were confident the Supreme Court would make the right decision, and not rule that 401(k) plans could effectively be run on autopilot," said the founding partner in St. Louis-based Schlichter, Bogard and Denton, the boutique law firm responsible for driving much of the litigation against defined contribution plans over the past decade.
Calling the unanimous ruling "a victory for American workers," Schlichter said the decision clarifies and establishes a standard of prudence for fiduciaries to large workplace savings plans.
Recommended For You
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
