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Eighth Circuit Rules Against 401(k) Plan Fiduciaries in Revenue Sharing Case
Winston & Strawn LLP 
Mar. 30, 2014 "The Court's findings related to recordkeeping services provide important examples of items that plan fiduciaries should address when evaluating recordkeeping and other third-party services. In addition, plan sponsors should ensure that plan fiduciaries receive fiduciary training on a regular basis so that plan fiduciaries understand their legal responsibilities. This training can demonstrate good faith compliance with ERISA requirements and may prevent or mitigate future litigation." [Tussey v. ABB, Inc., No. 12-2056 (8th Cir. Mar. 19, 2014)] MORE >> |
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