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401(k) Plan Sponsors' Fiduciary Obligation to Former Employees
Fiduciary News; registration may be required 
Oct. 22, 2019 "Fulfilling the obligations of a plan sponsor can increase administrative costs when it comes to ex-employees ... If the plan absorbs these costs, it means current employees are paying for benefits enjoyed by former employees.... Most 401k plans now provide financial tools to participants.... Former employees also have access to these tools, but it's more difficult for plan sponsors to monitor how those tools are being used ... [which] can increase the fiduciary liability of plan sponsors." MORE >> |
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