The Supreme Court's LaRue Decision, and What it Means for Retirement Plan Fiduciaries
Journal of Pension Benefits, Vol. 15, No. 4, p. 5, Summer 2008
5 Pages Posted: 10 Jul 2009
Date Written: 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.
Keywords: ERISA, retirement plan fiduciaries
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