ERISA Plan Administrator, Trustees Won’t Oppose Class Certification In Duties Suit

Mealey's (February 25, 2021, 12:58 PM EST) -- LOS ANGELES — A pension benefit plan administrator and the plan trustees who are accused of breaching their duties of prudence and loyalty under the Employee Retirement Income Security Act by “dangerously underfund[ing]” the plan and failing “to provide meaningful benefits” filed a notice on Feb. 22 in a California federal court that they do not oppose a class certification motion filed by two plan participants....