Justices Side With Former Intel Worker on 401(k) Suit Deadline (2)

The Supreme Court ruled employers can’t shorten the window 401(k) participants have to sue over alleged plan mismanagement by simply posting plan information online or sending disclosures in the mail.

In a unanimous ruling, the court said Wednesday that plan participants don’t necessarily have “actual knowledge” of the alleged violation required under the law to shorten the litigation window to three years if they received information about the alleged violation in disclosures but did not read or can’t recall reading them.

Plan participants generally have six years under the Employee Retirement Income Security Act to sue those managing retirement plans ...