The Employee Retirement Income Security Act of 1974'(ERISA) introduced a new era for a broad spectrum of American society. The new Act had a startling impact not only upon pension plan sponsors, participants, and beneficiaries, but also upon the myriad group of individuals and institutions providing services,advice, and counsel to the pension industry. This article primarily will consider the new law as it affects the fiduciary, creating new responsibilities and increased liability. Several areas in which the new law creates special problems then will be considered.
H. Stennis Little, Jr. and Larry T. Thrailkill,
Fiduciaries Under ERISA: A Narrow Path to Tread,
30 Vanderbilt Law Review
Available at: https://scholarship.law.vanderbilt.edu/vlr/vol30/iss1/1