According to the DOL, the primary responsibility of fiduciaries is to run the retirement plan solely in the interest of participants and beneficiaries. Fiduciaries who do not follow these guidelines can be held personally responsible. Being a fiduciary comes with significant responsibility and should involve sufficient training.
As a Plan Sponsor, you may wonder, am I properly living up to my fiduciary responsibility? ERISA law is changing, how do I make sense of it and ensure I […]