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Angela Marie Hubbell quoted in article “Lawyers Weigh In On High Court ERISA Ruling”


Below is an excerpt:

Angela Marie Hubbell, Quarles & Brady LLP

“Rather than focusing solely on the statute of limitations, the Tibble decision made clear that plan fiduciaries have an ongoing duty to monitor investments and remove imprudent offerings. The court declined to define the scope of that duty, remanding to the Ninth Circuit for review of the contours of the alleged breach of fiduciary duty. We are likely to see more cases inquiring into the monitoring process used by employer plans; my suspicion is that what it means to be a prudent fiduciary may differ from plan to plan and be based on plan size, participant demographics and other factors.”