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Lucent's only legal obligation in its 401(k) plan was to oversee the plan prudently for the benefit of its workers.
The Employee Retirement Income Security Act of 1974 allows companies to have their workers invest in company stock in their 401 k)'s without limit, as long as the companies adhere to their duty to oversee the plans prudently.
We must act prudently to heal it".
They live prudently, within their means. . . .
Are investors merely reacting prudently to the latest news headlines?
These things, then, were done prudently by the Rhodians.
affairs more prudently than George W. Bush.
While those overseeing 401(k) plans at companies have a fiduciary duty to run the plans prudently, investing in a company's own shares is exempt from federal diversification requirements.
They acted prudently".
Prudently, I listened.
He prudently scurried away.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com