Defined Contribution Account Manager Nova 401(k) Associates
|
Great Lakes Pension Associates, Inc.
|
Retirement Solutions Specialists
|
Fringe Benefit Group
|
Pollard & Associates
|
TPA Retirement Plan Consultant EPIC RPS (TPA/DPS)
|
New York City District Council of Carpenters Benefit Funds
|
Defined Contributions Compliance Consultant Loren D. Stark Company (LDSCO)
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Senior Specialist 401k Recordkeeping T Bank N.A.
|
Defined Benefit Consultant/Enrolled Actuary Pension Plan Specialists, PC
|
Greenline Wealth Management
|
Retirement Planners and Administrators (RPA)
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Sixth Circuit: Fiduciaries in Stock-Drop Suits Should Be Evaluated on Real-Time Conduct, Not 20-20 Hindsight
Porter Wright Morris & Arthur LLP Nov. 19, 2015 "[T]he Sixth Circuit held that an ESOP fiduciary's investment decisions satisfy the ERISA duty of prudence so long as the fiduciary uses a prudent process when the decisions are made. Further, a public company stock's current market price is deemed to be a reliable indicator of the stock's value, absent a showing of special circumstances by the plaintiffs as to why that price is not reliable. This is true even if in hindsight stock losses occur. This case represents good news for fiduciaries of plans that require investment in employer stock -- even though the days of a presumption of prudence are gone." [Pfeil v. State Street, No. 14-1491 (6th Cir. Nov. 10, 2015)] |
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). |