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" ... solely in the interest of the participants and beneficiaries and (A) for the exclusive purpose of: (i) providing benefits to participants and their beneficiaries. . . . (B) with the care, skill, prudence, and diligence under the circumstances then... "
Private Pension Plan Reform, Hearings Before the Subcommittee on Private ... - Página 1190
por United States. Congress. Senate. Finance - 1973
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2004 U. S. Master Employee Benefits Guide

C C H, Incorporated, Toolkit Media Group - 2004 - 840 páginas
...use the care, skill, prudence, and diligence under the existing circumstances that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of a similar enterprise. 3 Diversification of plan investments A fiduciary must diversify plan investments...
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Pension Plans: Additional Transparency and Other Actions Needed in ...

United States. Government Accountability Office - 2004 - 52 páginas
...act ". . .with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use." Failure to act in accordance with these requirements might constitute a breach of fiduciary duty. Breaches...
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U.S. Tax Shelter Industry: The Role of Accountants, Lawyers, and ..., Parte2

United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on Investigations - 2004 - 1160 páginas
...689, the Board, "shall use that degree of care, skill, prudence, and diligence that a prudent person acting in a like capacity and familiar with such matters would use in a similar situation." Furthermore, under Section 9, Article g (8.01) of 1 997 Al. XX 689, the Board...
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Pension and Employee Benefits: ERISA law and regulations, related laws ...

United States - 2004 - 2224 páginas
...with the care, skill, prudence and diligence under the prevailing circumstances that a prudent person acting in a like capacity and familiar with such matters would use. (c) Selection of Annuity Providers. The selection of an annuity provider for purposes of a pension...
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ERISA Survey of Federal Circuits

Brooks R. Magratten - 2005 - 420 páginas
.... . and with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar...matters would use in the conduct of an enterprise of like character and with like aims. "ERISA does not expressly enumerate the particular duties of a fiduciary,...
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The Practical Guide to Employment Law

Mark Filipp - 2005 - 950 páginas
...rule," which means that the fiduciary must act "with the care, skill, prudence, and diligence that a prudent man acting in a like capacity and familiar...matters would use in the conduct of an enterprise of like nature." In essence, fiduciaries are required to exercise their duties solely in the interest...
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The Evolving Pension System: Trends, Effects, and Proposals for Reform

William G. Gale, John B. Shoven, Mark Warshawsky - 2005 - 252 páginas
...to act "with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man, acting in a like capacity and familiar with such matters would use in the conduct of a enterprise of a like character and with like aims." 4. The regulations under ERISA, section 404(a)...
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Business Torts Litigation

Ann E. Georgehead, David A. Soley, Robert Y. Gwin - 2005 - 366 páginas
...participants and their beneficiaries; and (ii) defraying reasonable expenses of administering the plan; such matters would use in the conduct of an enterprise of a like character and with like aims; (C) by diversifying the investments of the plan so as to minimize the risk of large losses, unless...
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Individual Accounts for Social Security Reform: International Perspectives ...

John A. Turner - 2006 - 208 páginas
...must act "with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in conducting an enterprise of like character and with like aims" (ERISA §404[a][l][B]). With this definition,...
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The Employers' Handbook to 401(k) Savings Plans

Christian D Rahaim - 2005 - 218 páginas
...to act "with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use..."71 With these standards, there is little mystery why plan fiduciaries can become confused about...
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