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ERISA Advisory Council: Sponsors Need More Guidance on Outsourcing Services (PDF)
ERISAdiagnostics, Inc. via Thompson Pension Plan Fix-It Handbook Link to more items from this source
Feb. 12, 2015

"The council's report provides recommendations in these areas: [1] educating plan sponsors on current outsourcing trends; [2] clarifying ERISA's rules for delegating responsibility to service providers; [3] providing additional guidance on the selection and monitoring of service providers; [4] facilitating the use of multiple employer plans to encourage retirement plan formation and to ease related administrative burdens; and [5] giving additional guidance on insurance coverage and bonding of outsourced services. This [article] will analyze how some of these issues affect retirement plan sponsors."

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