Compass
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Loan & Distribution Specialist AimPoint Pension
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Bates & Company, Inc.
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Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Supreme Court Rejects Presumption for ERISA Fiduciaries, But Stock-Drop Claims Will Be Difficult to Sustain
Choate Hall & Stewart LLP July 15, 2014 "ESOP fiduciaries should consider reviewing existing procedures for monitoring company stock investments; engaging an independent fiduciary to make decisions on buying, holding and selling company stock; and reviewing ERISA fiduciary insurance and D&O policies to determine coverage for claims relating to company stock. Private company ESOPs should consider starting a dialog with their independent appraiser about the prudence of their valuation methods." [Fifth Third Bancorp v. Dudenhoeffer, No. 12-751 (U.S. June 25, 2014)] |
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