What key lessons can we learn from ERISA court cases?
ERISA litigation is always based on one or more of the plan trustee's duties of care. It's an important discipline for trustees to become familiar with the seminal court cases which expound upon these duties. By studying both the mistakes and the successes of other plan trustees, hopefully governance breakdowns will more likely be avoided and prudent practices reinforced.
These case briefs will teach you:
- What courts look for with regard to each of the plan trustee's key duties of care.
- What constitutes a breach of duty.
- What elements of a governance process are necessary for "prudent administration."