Just because you're in HR doesn't mean you're immune to the requirements of fiduciary duty.

A report from the Society of Human Resource Management tells of an HR vice president, among the administrators of a California energy company's 401(k) plan, who were judged liable for breach of fiduciary duty for their investment choices after the U.S. Supreme Court ruled that such a breach would extend the statute of limitations under the Employee Retirement Income Security Act (ERISA).

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.