Partner Deborah Davidson is quoted in an HR Magazine article about the impact of the Employee Retirement Income Security Act (ERISA). Deborah addressed ERISA-related litigation, noting that plan administrators have seen lawsuits challenging nearly every aspect of fiduciary decision-making.
“This has created a frustrating dynamic for plan fiduciaries,” Deborah said. “ERISA’s prudence standard is process-oriented, but many fiduciaries who implement careful and detailed practices for managing their plans still have to defend these lawsuits because a particular plaintiff would have made a different decision.”
Read the full HR Magazine article >>
Subscription may be required.