Sentence examples for interest of plan from inspiring English sources

The answer: No. Erisa requires retirement plan "sponsors," as employers are known in benefits lingo, to act with "prudence and solely in the best interest of plan participants" in the selection and monitoring of investment options, a Labor Department spokesman said in an e-mail.

Essentially, this means they have to always do what's in the best interest of plan participants.

"The law gives the Labor Department authority to grant exemptions that protect the interests of plan participants and beneficiaries," the department said in a statement.

Beyond that, an employer, as a fiduciary for the health plan, must "act prudently, solely in the interest of the plan participants and beneficiaries, and in accordance with the terms of the plan," according to guidance for employers from the Labor Department.

Mr Stephens concluded it was not in the "best interests" of planning or plan-making to recommend an "unsound plan" for adoption.

There is an urgent need to cast the spotlight more broadly to look at wider dimensions of pre-existing AIDS competence in target communities, in the interests of planning how best to optimise "community readiness" to derive optimal benefit from interventions in highly marginalised settings.

That means the person cannot act in his best interest but must act in the best interest of the plan.

The law requires managers to act "solely in the interest" of the plan's participants and beneficiaries.

Of possible interest to the bondholders and taxpayers of Detroit, they also said that as fiduciaries they were required to "put the interest of all plan participants and beneficiaries above their own interests or those of any third parties".

"In making investment and allocation decisions, Hancock repeatedly placed its own interests ahead of the interests of the plan and plan participants and beneficiaries," the judge wrote.

These information trends can be of interest for planning, forecasting of economic activity, tourism, or transportation [26].