Mike Prame and Lars Golumbic will conduct an audioconference sponsored by Thompson Publishing entitled, ” Heading Off Lawsuits From 401(k) Participants- What to be Aware of in New Supreme Court Ruling.” The call will take place on Thursday, March 20, 2008 from 2:00 PM – 3:30 PM ET.
About This Conference:
The Supreme Court recently cleared the way for individual 401(k) plan participants to bring lawsuits against plan administrators and others for breach of fiduciary duty. So now, employees can sue plan fiduciaries even though the alleged mismanagement of the plan only impacts the value of a single participant’s account. While the Supreme Court’s ruling involved claims that the plan fiduciaries failed to follow the investment instructions provided by a participant, the ruling has much broader implications for companies that offer 401(k) plans and the plan fiduciaries that administer such plans.
This 90-minute interactive audio conference will teach you what you need to know about the new ruling, and what you can do to prevent a possible lawsuit.
- Explanation of what the Supreme Court decided and the reasons why it reached that decision
- Whether the ruling increases litigation risk for plan fiduciaries
- What implications does the ruling have on plan administration
- What steps can plan fiduciaries take in light of the ruling to minimize litigation risk
- What questions were left unanswered by the Supreme Court which you need to keep in mind
For more information on the recent Supreme Court ruling regarding ERISA breach of fiduciary duty claims related to individual 401(k) participant accounts, please click here.