Non-compliance with ERISA can be costly for a small business. Case in point is a recent decision against a plan sponsor (Askew v. RL Reppert) who did not fulfill a participant’s request for information in a timely or complete manner. While the plan sponsor did not act in bad faith…
It’s not uncommon for plan sponsors to seek help fulfilling their responsibilities as plan fiduciaries. Especially with complicated and crucial duties related to administrative and investment oversight, plan sponsors can easily feel out of their depth and may prefer to call upon someone with knowledge and experience with retirement plans…
With a wave of class action lawsuits sweeping the retirement plan industry, many plan sponsors and fiduciaries are looking at solutions that can help protect themselves and their companies from costly liability. Protection for plan sponsors and fiduciaries generally comes either from ERISA fidelity bonding or fiduciary liability insurance. Both…
ERISA code can be a dry read, but it is essential for plan sponsors to understand what the code says and how to stay compliant with the law. Our ERISA whitepaper breaks down relevant sections of the code for plan sponsors to show how the law applies to their fiduciary…
In our latest whitepaper, we dissect and discuss some of the more critical sections of the ERISA regulations on fiduciary duty for the benefit of plan sponsors. The paper highlights the ERISA code broadly, so I’m going to pull out specific language from the regulations in a series of blog…