The words "revenue sharing"—foul language to some 401(k) participant advocates—did not make their way into the Supreme Court's unanimous ruling in Tibble v. Edison.
But that doesn't mean the payment schemes arranged between sponsors, investment managers, third-party plan administrators, and record keepers won't be affected by the decision.
That's because when the Supreme Court speaks, people listen, especially on rulings affecting the Employee Retirement Income Security Act, says Nancy Ross, an ERISA specialist and partner at Mayer Brown.
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