ERISA compliance guidance.

• Position: Just in ... - Employee Retirement Income Security Act - Brief Article

The PWBA recognizes plan fiduciaries may encounter an array of problems regarding investment of employee benefit plan assets upon the reopening of the securities markets. Under these circumstances, plan fiduciaries may in good faith find it necessary and prudent to take extraordinary steps in order to safeguard plan assets and to facilitate the return to orderly markets. In taking these steps, plan fiduciaries should be sensitive to ensuring that the temporary procedures adopted, and the decisions made, are documented and adequately protect the interests of plans and their participants and beneficiaries.

"We understand that plans, plan fiduciaries, employers, labor organizations, service providers, as well as participants and beneficiaries, will...