Compass
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AimPoint Pension
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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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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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Case Moves Forward Against Ameriprise Financial Regarding Use of Its Proprietary Product in Its Company 401(k) Plan
Goodwin Procter Dec. 13, 2012 "The court held that, like in those cases, plaintiffs' allegations plausibly alleged that the defendants selected affiliated funds 'to benefit themselves at the expense of participants' and that the selection process was 'flawed,' each of which it found sufficient to support a claim of breach of ERISA fiduciary duty. The court also held that the fact that defendants included a range of investment options under the plan -- which included investments managed by unaffiliated entities -- did not shield defendants from liability." [Krueger v. Ameriprise Financial, Inc., No. 11-cv-02781, 2012 WL 5873825 (D. Minn. Nov. 20, 2012)] |
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