The Perils Of Being An ERISA Fiduciary

Law360, New York (June 15, 2007, 12:00 AM EDT) -- It’s no fun anymore being a service provider to a 401(k) or other ERISA plan. The Department of Labor (DOL) and the Securities and Exchange Commission (SEC) are considering new regulations to control how you do business and what you have to disclose about how you do business; congressmen are making headlines by complaining about how your fees are taking a bite out of workers’ savings; and you’re being sued left and right by plaintiffs’ lawyers who say nasty things about violations of fiduciary duty and...
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