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Plan Sponsors Can Learn Several Powerful Lessons from Recent Wear-Away Case (PDF)
ERISAdiagnostics, Inc.Link to more items from this source
Dec. 3, 2015

"It is important that key players in a company's retirement plan understand their roles as fiduciaries and the implications of being one. Periodic training is a must.... Plan provisions, especially plan changes, must be communicated clearly. There can be no sugar-coating adverse news for participants ... As soon as you become aware of a lawsuit against the plan, make sure you send a memo to all affected departments advising them not to destroy any documentation that could be related to the case." [Osberg v. Foot Locker, Inc., No. 07-cv-1358 (S.D.N.Y. Sept. 29, 2015)]

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