Fiduciary Management

 
 
With recent regulatory changes, retirement plan sponsors have come under increasing pressure to ensure that that their plans are in good order. In the overwhelming majority of cases it is not possible for a business owner to manage all of the responsibilities, especially as they try to manage their business in a difficult economic environment.
 
Below, you will find a few brief articles that describe what a fiduciary is, what they are responsible for, and what steps you can take to mitigate the risks associated with sponsoring a retirement plan for your company.
 
 
 
How to Reduce Your ERISA Risks, and the Role of
Fiduciary Liability Insurance
 
Offering a retirement plan can be one of the most challenging, yet rewarding, decisions an
employer can make. The employees participating in the plan, their beneficiaries, and the
employer benefit when a retirement plan is in place. Administering a plan and managing its
assets, however, require certain actions and involve specific responsibilities.
 
 Regulatory UpdateRegulatory Update:

On July 13, 2011, the Department of Labor's (DOL) Employee Benefits Security Administration (EBSA) pushed back the applicability dates for fee disclosure rules. The extension gives covered service providers and plan fiduciaries additional time to prpare fee and investment-related information required for disclosure to employees.