Protect 401k Sponsors With Fiduciary Liability Secrets

As a 401(k) sponsor, you face the daunting challenge of safeguarding your fiduciary responsibilities, and by exploring the right options, you can uncover valuable strategies to protect yourself and your organization.

Understanding Fiduciary Liability

Fiduciary liability is a critical concern for anyone involved in managing a 401(k) plan. As a plan sponsor, you are legally obligated to act in the best interests of the plan participants, a duty that encompasses a wide range of responsibilities, including selecting and monitoring investment options, ensuring reasonable plan fees, and maintaining compliance with the Employee Retirement Income Security Act (ERISA).