Strategy Sponsor and Strategy Administrator Escape 401(k) System Cybertheft Go well with, But Recordkeeper Continues to be | Faegre Drinker Biddle & Reath LLP

Enika Vania

An Illinois district court issued a split decision in a circumstance involving the cybertheft of retirement prepare assets, making it possible for the approach administrator and approach sponsor to be dismissed, but requiring the recordkeeper to protect allegations that it breached its fiduciary responsibilities underneath the Worker Retirement Money Security […]