$150,000
ERISA
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Case Details
U.S. Supreme Court ruled in LaRue vs. DeWolff, Boberg & Associates that an individual could sue a plan administrator under ERISA for failing to make changes in a self-directed 401K retirement savings plan, where the failure cost Mr. LaRue $150,000.
Additional Notes
This case changed 23 years of precedent, allowing individuals to sue plan administrators for breaches of duty affecting their individual accounts.
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