Fiduciary: Fact, Fiction & Fundamentals
One of the greatest benefits employers can provide its employees is the ability to retire successfully; but that doesn’t come without its challenges. You see, in delivering the benefit of a retirement plan, employers are a fiduciary of the plan both in regard to the assets of the plan, as well as the operation of the plan. However, many do not fully understand their fiduciary responsibilities, increasing their risk for potential litigation. That’s the ‘fiduciary challenge.’ This presentation will help assist you as a plan sponsor and plan fiduciary on what you need to do to fulfill those duties to the standard of care required by law.