Compass
|
AimPoint Pension
|
Loan & Distribution Specialist AimPoint Pension
|
Regional Vice President of Sales The Retirement Plan Company
|
Bates & Company, Inc.
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
DOL Weighs In on Limitation of Liability and Indemnification Clauses
Deloitte & Touche Human Capital Advisory Services Oct. 16, 2002
Excerpt: ERISA plan fiduciaries may cause their plans to enter into contracts with actuarial firms and other service providers that include 'limitation of liability' and 'indemnification' provisions without necessarily violating ERISA's fiduciary standards, according to a recent [DOL] advisory opinion.... However, the advisory opinion cautions fiduciaries that it would be imprudent to agree to these provisions if they apply to fraud or willful misconduct by the service provider ...
|
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |