Guest Kathleen Toth Posted February 5, 1999 Posted February 5, 1999 Is there a 404© risk to an employer if the employer recommends that retiring employees roll their plan distribution to a particular company's IRA annuity program? It would seem to me that the employer is assuming SOME sort of liability if they endorse a particular company in communications given to employees at the time that they are receiving the usual information packets and notices at the point of separation from service. Is it safer for the employer to make no recommendation or to provide information on several IRA companies rather than one company?
david rigby Posted February 5, 1999 Posted February 5, 1999 Sounds like the ER is giving "investment advice". If you think that puts the ER at risk, and I do, then be careful. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
LCARUSI Posted February 18, 1999 Posted February 18, 1999 If there is a problem here (and I think there is), I don't think it's a 404© issue.
Guest Kathleen Toth Posted February 18, 1999 Posted February 18, 1999 What sort of problem do you think it is?
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now