The Supreme Court's LaRue Decision, and What it Means for Retirement Plan Fiduciaries
David A. Pratt
Albany Law School
Journal of Pension Benefits, Vol. 15, No. 4, p. 5, Summer 2008
In February 2008, the U.S. Supreme Court held that Section 502(a)(2) of ERISA authorizes recovery for fiduciary breaches that impair the value of plan assets in a participant's individual account. [LaRue v. DeWolff, Boberg & Associates, Inc., et al., 128 S. Ct. 1020 (2008).] This article will discuss the opinions handed down by the Justices and the significance of the decision for retirement plan fiduciaries.
Number of Pages in PDF File: 5
Keywords: ERISA, retirement plan fiduciaries
Date posted: July 10, 2009