The Fifth Circuit in Schweitzer v. Inv. Comm. of Phillips 66 Sav. Plan dismissed claims against 401(k) plan fiduciaries related to allowing plan participants to hold a single stock that was not an employer security as a plan investment alternative.  No. 18-cv-20379, 2020 WL 2611542 (5th Cir. May 22, 2020).  The Court held that:  (i) … Continue Reading