Nelson v. Hodowal

EASTERBROOK, Chief Judge.

Indianapolis Power & Light Company maintains not only a defined-benefit pension plan but also a defined-contribution supplemental plan called the “Thrift Plan.” The defined-benefit plan holds a diversi fied portfolio of investments; the defined-eontribution plan initially limited employees to holding stock of ipaloo Enterprises, Inc., the employer’s parent corporation, or bonds issued by the United States. Employees may contribute to the Thrift Plan an amount that depends on § 401(k) of the Internal Revenue Code. The employer matches these contributions up to 4% of an…