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Home / Opinion Digests / Employment Law / No ERISA Claim Against BOA Benefits Committee (access required)

No ERISA Claim Against BOA Benefits Committee (access required)

The 4th Circuit upholds dismissal of a putative class claim by participants in two BOA retirement plans, alleging defendant members of the Bank’s Corporate Benefits Committee breached their ERISA fiduciary duties by putting Bank-affiliated mutual funds in the Bank’s 401(k) investment menu; the district court did not err in dismissing claims related to the Pension ...

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