Labels:book | reckoner | sky OCR: ("Congress believed that it was filling regulatory when enacted ERISA.". In recognition of the fact that pension plans were not subject FT adequate safeguards, ERISA "sets forth porting and disclosure obligations 10J plans, impose a fiduciary standard of care for plan administrators. and establishes schedules for the vesting and accrual pension benefits. Massachusetts Morash. 490 U.S 13 T fill the perceived regulatory Congres created faderal fiduciary standard at applicable te plan administrators and other having authority Of control oYer pension plan or "management ot disposition of its assets ERISA 3{2lA (PA -93} Although the statute dos not fully delineate the cir cumstances under which assets in the possession afa third party will considered plan assets. aection 40l{b} clarifies the st ...
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