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In Varity Corp

Question 21

Multiple Choice

In Varity Corp. v. Howe the court held that:


A) ERISA fiduciaries do not have any fiduciary duty to disclose truthful information on their own initiative.
B) ERISA's fiduciary standards were intended to protect the integrity of the plan, not the individual beneficiaries.
C) ERISA fiduciaries are required to discharge their duties with regard to the plan solely in the interest of the participants and beneficiaries.
D) ERISA's remedies for breach of fiduciary duty were limited to the plan itself and participants and beneficiaries have no claim.

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