Municipal employers provide 457 retirement plans that allow employees to defer compensation into it on a pre-tax or after-tax basis. While these employer-sponsored plans do not fall under the purview of the Employee Retirement Income Security Act (ERISA), most states still impose fiduciary duties on government employers within their own state laws.
Understanding fiduciary standards and implementing ERISA best practices can help your organization maintain accountability, mitigate liability and satisfy employee participants.
In this session, attendees will learn:
- The primary fiduciary responsibilities when sponsoring a 457 plan
- The guiding principles of ERISA best practices
- Actionable elements to help develop a process to fulfill fiduciary responsibility
Presented by Mike Glackin, President, CBIZ InR
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