ERISA Case
Carter Hawley Hale also is known as a famous case study regarding its retirement plans. Because it offered its employees a profit-sharing plan, and not a retirement fund, under the Federal ERISA pension plan law, the trustee was under no obligation to diversify the fund. Because of the nondiversification and continued purchase of Carter Hawley Hale stock, the employee fund soon was stuck with a precipitous loss in value. Its employees’ low morale contributed to its problems.
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Famous quotes containing the word case:
“A new talker will often call her caregiver “mommy,” which makes parents worry that the child is confused about who is who. She isn’t. This is a case of limited vocabulary rather than mixed-up identities. When a child has only one word for the female person who takes care of her, calling both of them “mommy” is understandable.”
—Amy Laura Dombro (20th century)