Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Compass
|
Regional Vice President of Sales The Retirement Plan Company
|
AimPoint Pension
|
Bates & Company, Inc.
|
Loan & Distribution Specialist AimPoint Pension
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Fourth Circuit Holds Trustees Are Liable Only If Their Fiduciary Breach Caused the Plan's Loss
Goodwin Procter [Guidance Overview] Dec. 19, 2011 In Plasterers' Local Union No. 96 Pension Plan v. Pepper, ... the Fourth Circuit affirmed the district court's findings that trustees of a multi-employer pension plan breached ERISA fiduciary duties by not diversifying plan investments and by failing to prudently investigate investment alternatives for the plan. However, the district court's holding that the trustees were liable to the plan was reversed because the Fourth Circuit concluded that the lower court never undertook to determine what losses, if any, resulted from the trustees' breaches of duty. |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |