Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Education Consultant

(Remote / Putnam Valley NY)

Pentegra logo

Retirement Plan Administrator

Nicholas Pension Consultants
(Remote / Corona CA / Rancho Cordova CA)

Nicholas Pension Consultants logo

Quality Assurance Manager

Nova 401(k) Associates

Nova 401(k) Associates logo

Retirement Plan Analyst/Administrator

Compensation Strategies Group, Ltd.
(Remote / Beaumont TX)

Compensation Strategies Group, Ltd. logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>

Employer Not Vicariously Liable for Alleged Fiduciary Breach of Duty by Plan Committee
HR Daily AdvisorLink to more items from this source
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)]

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 link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2022, Inc.