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5 key questions Helping your company understand and manage your fiduciary responsibility under ERISA!
Until recently, fiduciary liability for company owners was largely a theoretical issue. Now, there are lawsuits against many companies of all sizes. The liability risk is a reality for all plan fiduciaries who sponsor a qualified plan.
The Department Of Labor made it clear in a recent filing that :
- Plan Sponsors are responsible for the selection and monitoring of investment alternatives.
- Only plans that fully comply with ERISA 404 (c) will have protection against liability for the results of participant investment allocation decisions.
Otherwise, the employer is responsible for the investment returns in participant-directed accounts.
Beneco's Benestar Select with Protection provides you, the fiduciary, the maximum personal asset protection afforded by ERISA law by providing a 404(a) and 404(k) compliant plan.
5 key questions to ask about pension plans
To see which qualified plan will give your company the best advantage, be sure to ask the five questions by clicking on the links to the right.
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