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NYU Wins ERISA Challenge: Thoughts for Plan Fiduciaries
Faegre Drinker Link to more items from this source
Sept. 14, 2018

"The opinion highlights the fact-based nature of a retirement committee's decision-making process, with the court recognizing that plan-related decisions are unique to the institution and body of participants, and should come after reasoned consideration of all the circumstances, not price alone.... The opinion also emphasizes that fiduciaries cannot defer entirely to or rely passively on the Committee's investment consultant's expertise." [Sacerdote v. New York Univ., No. 16-6284 (S.D.N.Y. July 31, 2018)]

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