ERISA plans

Submitted by IFS on Fri, 08/01/2003 - 23:44

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The ERISA plans of two publicly traded corporations recently hired IFS on independent fiduciary projects:

PNC Bank 401K Incentive Savings Plan retained IFS to act on the Plan's behalf regard securities class action litigation and ERISA litigation against the Bank and other defendants, filed in response to the Bank's earnings restatements. The Plan holds PNC stock.
Several Plans of American Airlines hired IFS as a fiduciary to make various decisions regarding their use of investment consulting and asset management services.