Quantcast
Home / News / ERISA fiduciary’s ‘duty of prudence’ question of conduct, not results

ERISA fiduciary’s ‘duty of prudence’ question of conduct, not results

A recent holding from the 1st U.S. Circuit Court of Appeals is a reaffirmation that ERISA’s “duty of prudence” for fiduciary managers of employer-sponsored retirement plans speaks to process, not investment results, attorneys say. The plaintiffs in the case contended that a “stable value fund” offered through their employer’s retirement plan was imprudently managed and monitored ...

Leave a Reply

Your email address will not be published. Required fields are marked *

*