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Showing content with the highest reputation on 02/18/2014 in all forums
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How on Earth, 5+ years after the devastating collapse of collateralized mortgages, would any plan fiduciary permit their plan to hold so much money in mortgages? Your item #4 sounds like a breach of fiduciary prudence to me. If they're going to talk to a lawyer as indicated in item #1, you should advise they be sure it's a firm w/ someone well versed in ERISA because I suspect they'll be filing something w/ the IRS or DOL by the time this is done.1 point
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