Serving fiduciaries

Demonstrating a proper prudent process reduces ERISA liability

In the article, “ERISA LITIGATION DEFENDANTS TAKE NOTE: BURDENS OF PROOF ARE BECOMING MORE WEIGHTY,” by Seyfarth ShawLLP, the authors make the point that trustees and fund sponsors need to be able to demonstrate that they follow a prudent process in the management of their ERISA assets: “Many parties to ERISA litigation and arbitration pay […]