ERISA permits plan trustee to delegate investment decisions to plan participants even where plan falls outside scope of § 404(c) safe harbor; if participant-directed plan fails to meet § 404(c) conditions, plan does not violate ERISA, but plan trustee and fiduciaries will not be shielded from liability for losses or breaches of duty stemming from participant’s exercise of control.
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Posted on Friday, May 12th, 2006. Filed under: Employment, Law Misc
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