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The Tibble Decision: Three Valuable Lessons for Plan Sponsors and Other Plan Fiduciaries
The Prudent Investment Adviser Rules Link to more items from this source
[Opinion]
Mar. 27, 2013

"[T]he Court correctly pointed out that 'HFS is [the plan's] consultant, not the fiduciary'.... The Court also pointed out that when a retirement plan relies on consultants and experts to help them administer a plan, the plan has an obligation to ensure that such reliance is 'reasonably justified under the circumstances'.... The final point in the decision ... was the ongoing failure of the courts to recognize the true issue with regard to mutual fund fees."

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