Does a fiduciary have a duty to prevent a professional fire service from withdrawing expenses and compensation from an employer-fiduciary's retirement plan?
MultiRegion, United States of America
The following excerpt is from Santomenno v. Transamerica Life Ins. Co., 883 F.3d 833 (9th Cir. 2018):
Barboza v. California Association of Professional Firefighters , which held that a plan fiduciary engaged in prohibited self-dealing by withdrawing expenses and compensation from plan assets pursuant to its agreement with the employer-fiduciary. 799 F.3d 1257, 1270 n.5 (9th Cir. 2015).
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