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ERISA Advisory Council Issues Outsourcing Report (PDF)
BuckLink to more items from this source
Mar. 17, 2015
"The council believes that the DOL should clarify the legal standards applicable to plan fiduciaries in the following areas: [1] The plan sponsor's fiduciary duties when the plan document designates a named fiduciary other than the plan sponsor. [2] A plan fiduciary's scope of liability when the fiduciary hires a service provider who is not a fiduciary. [3] Whether a plan fiduciary who hires another fiduciary has obligations beyond the duty to select and monitor the hired fiduciary. [4] More guidance on the standard of knowledge required to hold a co-fiduciary liable for the actions of another fiduciary."

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