[Code of Federal Regulations]
[Title 29, Volume 9]
[Revised as of July 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 29CFR2584.8477(e)-5]

[Page 613]
 
                             TITLE 29--LABOR
 
 CHAPTER XXV--EMPLOYEE BENEFITS SECURITY ADMINISTRATION, DEPARTMENT OF 
                                  LABOR
 
PART 2584_RULES AND REGULATIONS FOR THE ALLOCATION OF FIDUCIARY 
RESPONSIBILITY--Table of Contents
 
Sec. 2584.8477(e)-5  Effect of allocation.

    Where fiduciary responsibility has been allocated to another person 
or persons pursuant to the procedures contained in this part, the 
allocating fiduciary shall not be liable for any act or omission of such 
person or persons unless:
    (a) The allocating fiduciary has violated 5 U.S.C. 8477(b) with 
respect to--
    (1) The allocation or the continuation of the allocation,
    (2) The implementation of these procedures, or
    (3) The duty to monitor the performance of such person or persons in 
a reasonable manner during the life of the allocation, or
    (b) The allocating fiduciary would otherwise be liable in accordance 
with 5 U.S.C. 8477(e)(1)(D).