This case involves a retirement plan sponsor who hired an adviser for the plan. The defendant worked for a small company, and had been an employee for over thirty-three years. Part of her job was to manage the retirement plan for the employees of the company. The defendant did not have extensive experience with long-term money market investments, as most of her experience was in the capital market. She hired a new investment adviser to manage the plan, based upon a recommendation by several peers. She did not verify the credentials, nor did she review prior success rates, of the investment adviser, beyond a review of the adviser’s resume. Also, because of her lack of exposure to specific financial services, she gave him full discretion to make trades on the plan as he saw fit. Six months after hiring the investment adviser, the defendant and several employees met to discuss the progress of the retirement plan. At that time, it was reported that the adviser had lost 58% of the fund. The employees brought suit against the retirement plan sponsorship for breach of fiduciary duties.