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Liability Protection

ERISA provides statutory relief to Plan Fiduciaries

ERISA affords plan fiduciaries statutory relief under Section 405(d)(1) for delegation of investment management and under Section 404(c) for participant investment direction, provided that the plan fiduciaries fulfill all of the requirements specified in those Sections. Compliance with these Sections requires diligence and documentation, but the statutory relief of liability is well worth the effort.