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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 29 U.S.C. § 1109 Liability for breach of fiduciary duty us united_states_code code_section 29 LABOR 18 EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM 1109 29 U.S.C. § 1109 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc29@119-100.zip /us/usc/t29/s1109 data/legal/raw/us/code/title-29/usc29.xml 5f12798856840d0347bae317c39af349b61b3c82f4cdccaad2e77fa76907cf07 123f65eaf0f6719b01d66f4a47cd03d5134b66fbd92ae96d7387b67454b98476 14604d4c8592df81eddd49dc2704d71cc08e60c23587797f5d3f981e3c96fd92 2026-07-04 official
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29 U.S.C. § 1109 - Liability for breach of fiduciary duty

Text

(a) Any person who is a fiduciary with respect to a plan who breaches any of the responsibilities, obligations, or duties imposed upon fiduciaries by this subchapter shall be personally liable to make good to such plan any losses to the plan resulting from each such breach, and to restore to such plan any profits of such fiduciary which have been made through use of assets of the plan by the fiduciary, and shall be subject to such other equitable or remedial relief as the court may deem appropriate, including removal of such fiduciary. A fiduciary may also be removed for a violation of section 1111 of this title.

(b) No fiduciary shall be liable with respect to a breach of fiduciary duty under this subchapter if such breach was committed before he became a fiduciary or after he ceased to be a fiduciary.

(Pub. L. 93406, title I, § 409, Sept. 2, 1974, 88 Stat. 886.)