Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Loan & Distribution Specialist AimPoint Pension
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Compass
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AimPoint Pension
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Bates & Company, Inc.
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Regional Vice President of Sales The Retirement Plan Company
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Avoiding 401(k) Fiduciary Liability Doesn't Need to Be Difficult; Simple 'Best Practices' Are the Key
Employee Fiduciary Aug. 26, 2015 "While 401k sponsors are subject to complex fiduciary responsibilities under ERISA, a qualified (and inclined) service provider can make it simple for sponsors to meet their fiduciary responsibilities with some basic 'best practice' guidance.... 401k sponsors should be mindful of the 4 key sources of fiduciary liability today: [1] Paying excessive plan fees; [2] Selecting imprudent investments; [3] Not remitting participant contributions timely; [4] Failing to follow plan document terms." |
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