Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Retirement Plan Analyst/Administrator

Compensation Strategies Group, Ltd.
(Remote / Beaumont TX)

Compensation Strategies Group, Ltd. logo

Retirement Plan Relationship Manager/Consultant

The Retirement Plan Company (TRPC)/an ABG firm

The Retirement Plan Company (TRPC)/an ABG firm logo

Senior Plan Administrator

Atlantic Pension Services Inc
(Remote / Kennett Square PA / DE / MD / NJ)

Atlantic Pension Services Inc logo

Pension Administrator

Creative Pension Consultants, Inc.
(Remote / Albany NY)

Creative Pension Consultants, Inc. logo

Plan Compliance Analyst (Administrator)


RPA logo

Retirement Plan Quality Assurance

ERISA Services, Inc.
(Remote / Knoxville TN)

ERISA Services, Inc. logo

Quality Assurance Manager

Nova 401(k) Associates

Nova 401(k) Associates logo

Retirement Plan Administrator

Nicholas Pension Consultants
(Remote / Corona CA / Rancho Cordova CA)

Nicholas Pension Consultants logo

ERISA Counsel

Human Interest

Human Interest logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>

Co-Fiduciary Liability of 3(16) TPAs: 'I'm Outta Here' May Not Be Enough (PDF)
Ferenczy Benefits Law Center LLPLink to more items from this source
Oct. 1, 2015
"[W]hat are your responsibilities [as a TPA who has agreed to take on plan administrator responsibilities for a retirement plan covered by ERISA] if you become aware that the plan sponsor or trustee is proposing to take or has taken actions that harm the plan? ... [M]ere resignation is not sufficient if you are a fiduciary. In fact, only resigning may make you liable for the wrong-doing that you are attempting to forestall.... Perhaps the first thing you should do is put your client on notice that your interests may end up being adverse to your client's.... Second, you should be prepared to 'ring the bell' when there is a breach of duty by another fiduciary."

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 link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2022, Inc.