Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
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|Ten Liability Pitfalls Retirement Plan Sponsors Should Avoid (PDF)|
The Rosenbaum Law Firm, P.C.
Dec. 28, 2015
"The ERISA bond does not protect plan sponsors from liability.... The use of a corporate trustee does not protect the plan sponsor from liability ... Avoid the one stop shop; plan sponsors should hire at least one retirement plan provider who is independent.... Plan sponsors are responsible for the errors and malfeasance by the retirement plan providers they selected ... Just because a plan is participant directed, plan sponsors may still be on the hook."
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