Opinion ID: 786209
Heading Depth: 4
Heading Rank: 1

Heading: The Plaintiffs' ERISA Claims

Text: 41 The Plaintiffs brought their action against the Plans and RBX as the administrator of the Plans, pursuant to several different ERISA provisions. First, the Plaintiffs claimed that RBX violated 29 U.S.C. § 1109(a) by breaching their fiduciary duties as described by 29 U.S.C. § 1104(a). See 29 U.S.C. § 1132(a)(2) (A civil action may be brought ... by a participant, beneficiary or fiduciary for appropriate relief under section 1109 of this title.); 29 U.S.C. § 1109(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.) (emphasis added); 29 U.S.C. § 1104(a)(1)(B) ([A] fiduciary shall discharge his duties with respect to a plan solely in the interest of the participants and beneficiaries... with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims.). The main relief sought by the Plaintiffs for the breach of fiduciary duties was a monetary settlement that inured to them. 6 Second, the Plaintiffs sought to recover benefits due to [them] under the terms of [the] plan. 29 U.S.C. § 1132(a)(1)(B). Third, the Plaintiffs sought to recover compensatory and punitive damages under 29 U.S.C. § 1132(a)(3), even though § 1132(a)(3) does not specifically mention the availability of punitive damages and provides only for equitable relief. 7