Justices Wary of Intel Committee Position in 401(k) Dispute (1)

A majority of justices on the Supreme Court seem to think posting 401(k) plan documents online isn’t enough for companies to shorten the amount of time participants have to sue plan managers for mishandling investments.

“Most people don’t read them,” Justice Brett Kavanaugh said during oral arguments Dec. 4.

The case, which stems from a dispute over hedge fund and private equity investments in Intel Corp.’s 401(k) plan, has the potential to set a standard for determining how long employees have to file a lawsuit under the Employee Retirement Income Security Act.

The federal law generally gives plan participants six ...