The plaintiffs unsuccessfully alleged plan officials
breached their fiduciary duties by continuing to offer Peabody Stock as an
investment option for the plans when it was imprudent to do so and by
maintaining the plans’ pre-existing significant investment in Peabody Stock.
Among DB plan participants who were given a choice
between a lump sum or an annuity, fewer than half said that, at the time they
made their decision, they recall being presented with information comparing the
total amount of the lump sum versus the total value of the annuity payments.
Created by association professionals for association
professionals. The ASAE Retirement Trust makes it easier than ever for
organizations to deliver a high quality retirement benefit that can help
attract and retain top talent.
A growing percentage of companies are expanding their
well-being programs to include employee financial security, according to the
8th annual survey on corporate Health and Well-being from Fidelity Investments
and the National Business Group on Health.