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Loan & Distribution Specialist AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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Regional Vice President of Sales The Retirement Plan Company
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Fiduciary Breach Claim Dismissed Where Proposed Corrective Action Would Have Required Fiduciaries to Act in Corporate Capacity
Wolters Kluwer; free registration required Aug. 28, 2020 "A plan sponsor could be held vicariously liable, under respondeat superior theory, for the actions of its plans' fiduciaries, according to a federal trial court in New Jersey. However, the plan fiduciaries were not required to make public corrective disclosures, in their corporate capacities, to satisfy their fiduciary obligations under ERISA." [Perrone v. Johnson & Johnson, No. 19-923 (D.N.J. Apr. 29, 2020)] |
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