Mercer Advisors acquires Jordan Financial Strategies; Putnam Investments names head of sustainability strategy; Alera Group Retirement Plan Services names national practice leader; and more.
Plaintiffs in the now-dismissed case sought to establish that ‘corporate-insider fiduciaries’ violated their duties of prudence in the operation of an employee stock ownership plan.
The comment period of the DOL’s proposed amendment was scheduled to expire in late September, but the regulator says it will now accept comments through mid-November.
The lawsuit suggests Vernon and Shirley Hill invested as much as 70% of a profit-sharing plan’s assets in the stock of Metro Bank PLC, where Vernon Hill was...