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Seventh Circuit Endorses Employer Stock Fiduciary Discretion, But Muddies the Water on ERISA Section 404(c) Safe Harbor
Morgan Lewis via Mondaq 
[Guidance Overview] Feb. 9, 2011 [T]he Seventh Circuit indicated in its opinion that it agreed with [DOL's] position-which is devoid of support in the statutory text-that the selection of plan investment options and the decision to continue offering a particular investment vehicle are acts to which fiduciary duties attach, and that the safe harbor is not available for such acts. MORE >> |
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