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Plumbers Local Union No. 1 Benefit Funds |
RTD Financial Advisors |
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Pentegra |
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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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