
    Dennis SMITH, Individually and on behalf of all others similarly situated, Plaintiff-Appellant, v. DELTA AIR LINES, INC., et al., Defendants-Appellees.
    No. 11-16145.
    United States Court of Appeals, Eleventh Circuit.
    Feb. 21, 2013.
    Michael Ira Fistel, Jr., Corey Daniel Holzer, William Woodhull Stone, Holzer Holzer & Fistel, LLC, Atlanta, GA, Edward W. Ciolko, Mark K. Gyandoh, Joseph H. Meltzer, Peter A. Muhic, Julie Siebert-Johnson, Gerald D. Wells, III, Kessler Topaz Meltzer & Check LLP, Radnor, PA, for Plaintiff-Appellant.
    William Henry Boice, Cindy D. Hanson, Steven D. Moore, Paul Marc Rosenblatt, Kilpatrick Townsend & Stockton, LLP, Atlanta, GA, for Defendants-Appellees.
    Before DUBINA, Chief Judge, HULL and ALARCON, Circuit Judges.
    
      
       Honorable Arthur L. Alarcon, United States Circuit Judge for the Ninth Circuit, sitting by designation.
    
   PER CURIAM:

This is a “stock drop” class action. Plaintiff/App ellant, Dennis Smith, individually and on behalf of all others similarly situated (“Appellant”), appeals two district court orders that collectively dismissed his complaint brought pursuant to §§ 409 and 502(a)(2) of the Employee Retirement Income Security Act of 1974, 29 U.S.C. § 1001 et seq. (“ERISA”), against Defendants/Appellees Delta Air Lines, Inc. (“Delta”), Benefit Fund Investment Committee (“Investment Committee”), eight individual members of the Investment Committee, Administrative Committee (“Administrative Committee”), four individual members of the Administrative Committee, and two former Delta Directors, Leo F. Mullin and Gerald Grin-stein, for failure to state a claim under Federal Rule of Civil Procedure 12(b)(6). The district court found that Appellant’s “imprudent investment claim” was simply a form of a “failure to diversify claim” prohibited by 29 U.S.C. § 1104(a)(2).

Following dismissal of Appellant’s complaint in the present case, this court decided Lanfear v. Home Depot, Inc., 679 F.3d 1267 (11th Cir.2012), where we held that an “imprudent investment” claim is not prohibited by 29 U.S.C. § 1104(a)(2) and clarified the showing necessary to state such a claim in the context of an EIAP. Because the district judge did not have the benefit of Lanfear when she issued the order in this case, we vacate the order of the district court as to Count One of the amended complaint and remand this case with instructions to analyze Count One of the amended complaint in accordance with Lanfear.

As to Count One, the district court should determine whether Appellant’s complaint sufficiently alleges that the Investment Committee and its eight individual members breached their fiduciary duty to prudently manage the Plan’s assets.

We do, however, affirm the district court’s judgment of dismissal of Counts One and Three of the complaint as to Appellees Delta, Mullin, Grinstein, and the Administrative Committee and its four individual members because Appellant’s complaint failed to adequately plead their fiduciary status in the context of making investment decisions.

We also affirm the district court’s judgment of dismissal of Count Two as to Appellees Delta, Mullin, and Grinstein, and Count Four as to all Appellees because Appellant’s complaint does not plead factual allegations to sufficiently support a claim in Count Two for failure to monitor the Investment Committee or to sufficiently support a claim in Count Four for breach of the duty to avoid conflicts of interest.

AFFIRMED in part, VACATED in part, and REMANDED. 
      
      . Ordinarily, ERISA fiduciaries have a duty to diversify plan assets to protect participants. However, fiduciaries, like the Appellees in this case, are exempted from this duty in their role as fiduciaries for an employee stock ownership plan (“ESOP”), which is a type of eligible individual account plan ("EIAP”). See 29 U.S.C. § 1104(a)(2) ("In the case of an [EIAP], the diversification requirement ... and the prudence requirement (only to the extent that it requires diversification) ... is not violated by acquisition or holding of ... qualifying employer securities...."). Appellant acknowledges that the ESOP is an EIAP. [Appellant's Br. at 20.]
     
      
      . Our decision to remand this matter as to Count One in no way implies that we believe Appellant can state a claim under Lanfear.
      
     