Employee Benefit Plans: Your Fiduciary Responsibilities in a Volatile Market |
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Retirement plans are taking a beating. According to the Congressional Budget Office, retirement plans have lost as much as $2 trillion in the past 15 months. Faced with such volatility, it is more critical than ever for you to understand your fiduciary role in the management and administration of your organization’s employee benefit plan. Listen to our webinar to enhance your understanding of prohibited transactions, heighten your awareness of fraud risk in tough economic times, and review you fiduciary responsibilities regarding third-party service providers. Click on the Learn More button below to view the recorded presentation.
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Employee Benefit Plans: Your Fiduciary Responsibility in a Volatile Market (PDF, 360K)
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Offering an employee retirement plan is challenging and rewarding for both the employer and the employee. On the one hand, the plan offers a level of financial security to employees and their beneficiaries, and is considered a cornerstone of many contemporary benefit packages. Employers offering some form of retirement plan have an advantage in attracting the best employees in a highly competitive marketplace. On the other hand, administering and managing the plan carries certain responsibilities for the employer, plan sponsor and/or their third party administrator, that can not be ignored or taken lightly. This document is intended to define who is a fiduciary for employee benefit plans and what are the responsibilities and duties of
a fiduciary as they relate to employee benefit plan administration.
