Loan & Distribution Specialist AimPoint Pension
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Compass
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Regional Vice President of Sales The Retirement Plan Company
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AimPoint Pension
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Bates & Company, Inc.
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Employer Not Vicariously Liable for Alleged Fiduciary Breach of Duty by Plan Committee
HR Daily Advisor Dec. 9, 2015
"Fiduciary status under ERISA 'is not an all-or-nothing concept,' according to a recent federal district court ruling that found BP and its North American unit were not liable for their retirement plan employees' breaches of fiduciary duty. The lawsuit arose from a BP company stock plan available as investment to plan participants that plunged in value after the 2010 Deepwater Horizon oil spill involving the U.K.-based oil company." [In re B.P. ERISA Litigation, No. 4:10-cv-4214 (S.D. Tex. Oct. 30, 2015)]
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