Charity execs are not fiduciaries for ERISA Plan

Charity execs are not fiduciaries for ERISA Plan

A federal District Court in Maryland has ruled that top executives of a group of charities providing jobs for people with disabilities are not “fiduciaries” with respect to the group’s Health and Welfare Plan and cannot be held personally liable for alleged breach of fiduciary duty or participation in prohibited transactions. 

lock The full text of this article is available to paid subscribers only. Login or subscribe to read more