Credit: Rafael Henrique/Adobe Stock

A Virginia federal judge has dismissed—for the second time—a lawsuit against engineering and construction firm Bechtel Global Corp. The suit argued that the company’s retirement plan fiduciaries “breached their fiduciary duty” because the firm’s default managed account option was no better than a target-date fund.

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Lynn Cavanaugh

Lynn Varacalli Cavanaugh is Senior Editor, Retirement at BenefitsPRO. She has worked for major firms in the employee benefits space, Vanguard and Willis Towers Watson, as well as top media companies, including Condé Nast, American Media and Harris Publications.

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