"The Proposed Regulations are based around three key principles. First, they affirm that ERISA is a law grounded in process ... Second, the Proposed Regulations emphasize that ERISA gives plan fiduciaries maximum discretion and flexibility in selecting designated investment alternatives ... Third, they establish that when fiduciary decision-making follows a prudent process ... courts and other adjudicators should give deference to such fiduciaries under a presumption of prudence."  MORE >>