24 Pages Posted: 25 Jul 2012 Last revised: 3 Dec 2012
Date Written: 1982
This Article examines the soundness of the view that a Taft-Hartley arbitrator is potentially a fiduciary under ERISA. The Article first briefly describes the fiduciary responsibility requirements of ERISA, and then examines the Department of Labor's position that an arbitrator may be a fiduciary under ERISA. Next, this Article raises several considerations that cast doubt on the Labor Department's view, and concludes that the arbitrator cannot be a fiduciary under ERISA and thus should not be subject to the risks of personal liability that inhere to a fiduciary.
Keywords: arbitrators, fiduciaries, ERISA, personal liability
Suggested Citation: Suggested Citation
Dobranski, Bernard, The Arbitrator as a Fiduciary Under the Employee Retirement Income Security Act of 1974: A Misguided Approach (1982). American University Law Review, Vol. 32, No. 1, 1982. Available at SSRN: https://ssrn.com/abstract=2113334