Within the Retail401k MEP, professional service firms are hired to take on certain fiduciary and administrative roles on your behalf. These providers are legally obligated to carry out plan responsibilities with the highest degree of prudence, good faith, honesty, integrity, service, and undivided lo...
The U.S. Department of Labor has previously issued regulations providing safe harbors under which a plan administrator's designation of an institution to receive the automatic rollover, and the initial investment choice for the rolled-over funds will be deemed to satisfy the fiduciary responsibility ...
You Might Have a Problem with Your 401k Plan When… How to Limit Your Liability Hire a co-fiduciary to share the responsibility and perform the required ERISA due diligence. Have an open-architecture plan with a transparent fee structure and diversified plan investments. ...