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Properly-Delegated Fiduciary Responsibility Protects Plan Sponsors
Winston & Strawn LLP Link to more items from this source
June 8, 2014
"Proper delegation is a Board of Directors' best defense against ERISA liability. Once proper delegation is in place, it is critical that the fiduciaries receive training to make sure they properly carry out their ERISA fiduciary duties. Not only is this key in a litigation context but also in an audit situation, where the DOL will ask your plan fiduciaries when they last received fiduciary training." [Coulter v. Morgan Stanley & Co., Nos. 13-2504-cv(L), 13-2509-cv(con) (2d Cir. May 29, 2014)]

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