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Pension Rights Center
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Membership Director: Independent Contractor Retirement Industry Trust Association (RITA)
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Retirement, LLC
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Retirement Plan Administrator (TPA) Retirement Plan Consultants
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Kentucky Trust Company
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Plumbers Local Union No. 1 Benefit Funds |
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Retirement Plan Documents Specialist Loren D. Stark Company
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Pentegra
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Employee Benefits & Executive Compensation Associate Attorney Polsinelli PC
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| Second Circuit Affirms Dismissal of ERISA Claims Challenging Inclusion of Company Stock in 401(k) Plan Goodwin Procter  Feb. 8, 2021 "The complaint had alleged the company violated ERISA by offering GE stock as an investment option for its 401(k) plan participants despite purportedly under-reserving for the liabilities of insurance subsidiaries by approximately $15 billion. The court rejected the plaintiff's argument that her allegations satisfied the standard for pleading a breach of the duty of prudence in this context[.]" [Varga v. General Electric Co., No. 20-1144 (2d Cir. Feb. 4, 2021; unpub.)] |
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