Regional Vice President of Sales The Retirement Plan Company
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Compass
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AimPoint Pension
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Bates & Company, Inc.
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Loan & Distribution Specialist AimPoint Pension
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Supreme Court Declines to Hear 401(k) Investment Diversification Cases
Pensions & Investments Dec. 14, 2021 "Participants in both 401(k) plans sued their respective companies and plan fiduciaries, arguing that offering parent-company stock violated ERISA's guidelines on plan menu diversification.... The debate in both cases focused on whether a DC plan's lineup as a whole was diversified or whether each option -- other than the employer's stock -- must be diversified." [Gannett Co. v. Quatrone, No. 19-1212 (4th Cir. Aug. 11, 2020; cert. pet. denied Dec. 13, 2021, S. Ct. No. 20-609); Schweitzer v. The Investment Comm. of the Phillips 66 Savings Plan, No. 18-20379 (5th Cir. May 22, 2020; cert. pet. denied Dec. 13, 2021, S. Ct. No. 20-1255)] |
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