35M Subtle Reminder – Process and Documentation Are Important for ERISA Fiduciaries

courthousejudgeAfter a four-week bench trial, the court in Tussey et al. v. ABB, Inc. et al.,** No. 2:06-CV-04305 (W.D. Mo. Mar. 31, 2012) (pdf) held that the fiduciaries of two 401(k) retirement plans breached their fiduciary duties to plan participants and were liable for $35 million in damages. 

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