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Posted by studiocenter on Oct 26, 2015

A Plan Fiduciary's Responsibilities

  • Who or What is a Fiduciary?
  • Fiduciary Duties
  • Consequences of a Fiduciary Breach
  • Steps to Limit Liability
  • Documenting Decision-Making Processes
  • Monitoring Plan Expenses
  • Letting Participants Direct Their Accounts
  • Avoiding Prohibited Transactions
  • Bonding and Insurance
  • Administrative Responsibilities
  • Timely Deposit of Employee Contributions
  • Reporting and Disclosure Requirements
  • Conclusion

This newsletter is intended to provide general information on matters of interest in the area of qualified retirement plans and is distributed with the understanding that the publisher and distributor are not rendering legal, tax or other professional advice. Readers should not act or rely on any information in this newsletter without first seeking the advice of an independent tax advisor such as an attorney or CPA.

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