Atlantic Pension Services Inc
ERISA Services, Inc.
Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
Creative Pension Consultants, Inc.
Nova 401(k) Associates
The Retirement Plan Company (TRPC)/an ABG firm
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|Little Plan Sponsor Reaction to No Presumption of Prudence|
Jan. 16, 2015
"Following a U.S. Supreme Court decision that fiduciaries of [ESOPs] are not entitled to any special presumption of prudence under [ERISA], 72.7% of defined contribution (DC) plan sponsors that offer company stock indicated they anticipate no changes to their offerings this year.... 9.1% said they will regularly review company stock in investment committee meetings, while another 9.1% said they will eliminate company stock as a plan option. The same percentage said they are waiting to make a decision pending the outcome of ongoing stock drop lawsuits."
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