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DOL Sues IAM National Pension Fund and Nine Trustees, Alleges Various Fiduciary Breaches (PDF)
United Actuarial Services, Inc.
Feb. 9, 2016 "The allegations are just that -- allegations -- until proven by the preponderance of the evidence in a court of law. However, the allegations provide examples of the types of behaviors and facts that the DOL considers to cross the lines of fiduciary duty and/or violate the rules on prohibited transactions under ERISA.... The allegations highlight areas for self-examination by pension plan trustees to ensure their plan and fellow trustees avoid the behaviors contained in the lawsuit." MORE >> |
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