EPIC Retirement Plan Services
Loren D. Stark Company
Randall & Hurley, Inc.
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|Does the Benefits Department Know What Management Is Doing?|
June 14, 2021
"Optimally, employer management will consult with benefits staff prior to making business decisions, such as the acquisition or sale of a business entity, which may affect their employee benefit plans' terms or ability to comply with the law. If that is not possible, employers should inform benefits staff of decisions promptly after they are made, so benefits staff can take the steps necessary to implement the decision, keep the plans legally compliant, and protect the employer from potentially costly and disruptive liability."
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