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On January 21, 2021, the United States District Court for the
Northern District of California granted a motion by the Intel
Corporation Investment Policy Committee to dismiss all ERISA claims
brought against it by two plan participants representing a class of
participants. The plaintiffs alleged, among other things, that the
Committee acted imprudently by including private equity, hedge
funds and commodities in a custom target date investment option in
Intel s 401(k) plan. The case was
Anderson v. Intel Corp. Inv. Policy
Comm., Case No. 19-CV-04618-LHK. Plaintiffs alleged