Plan Sponsors and Fiduciaries

Fiduciary Responsibilities - U.S. Department of Labor

The primary responsibility of fiduciaries is to run the plan solely in the interest of participants and beneficiaries and for the exclusive purpose of ...

Who is a Fiduciary? - Fidelity Investments

Employer/plan sponsor. Employers who maintain plans, also referred to as plan sponsors, are typically fiduciaries by reason of being named fiduciaries or by ...

Meeting Your Fiduciary Responsibilities - U.S. Department of Labor

To meet their responsibilities as plan sponsors, employers need to understand some basic rules, specifically the Employee Retirement Income Security Act ...

Retirement plan fiduciary responsibilities | Internal Revenue Service

Basic responsibilities · acting solely in the interest of the participants and their beneficiaries; · acting for the exclusive purpose of ...

Helping Plan Sponsors Understand Their Fiduciary Duties

This guide is an introductory fiduciary resource for defined contribution retirement plan sponsors and their employees working with the plan(s). It streamlines ...

Understanding Fiduciary Responsibilities in a 401(k) Plan

The plan sponsor is always a fiduciary to the plan. The Roles & Responsibilities of Fiduciaries. Employer. Delegation of Responsibilities – A plan sponsor may ...

What plan sponsors should know about DOL's final fiduciary rule

Under ERISA, anyone who provides investment advice for a fee or compensation is a fiduciary. A fiduciary must act prudently and solely in the interest of the ...

401(k)ology – Plan Governance: Plan Sponsor vs. Fiduciary and ...

In this blog, we will help you decipher just who is responsible for what so that an effective governance structure can be developed and maintained.

A Plan Sponsor's Fiduciary Duties Under ERISA

A Plan Sponsor's Fiduciary Duties Under ERISA: With Great Responsibility Comes Great Potential Liability. February 2010. Introduction. The Employee Retirement ...

A plan sponsor's responsibilities | Internal Revenue Service

A plan sponsor's responsibilities · Remember that you, the employer, are responsible for keeping your plan in compliance · Double-check the ...

A Guide for Retirement Plan Sponsors - Texas Hospital Association

As fiduciaries, they are entrusted with managing and overseeing retirement plans to ensure the financial security of plan participants. The ...

How Has the DOL's Fiduciary Rule Affected Plan Sponsors? - Ogletree

Plan sponsors will, however, have to make some changes and review their service agreements and any applicable prohibited transaction exemptions they are ...

What Are the Fiduciary Responsibilities of a 401(k) Plan Sponsor?

In the context of a 401(k) plan, the sponsor is considered a fiduciary. The plan sponsor ensures that the retirement plan is managed prudently ...

Plan Sponsor Fiduciary Playbook - retsupport.com

I don't have any fiduciary responsibility. All plan sponsors retain some level of fiduciary duties—there's no way to outsource everything. Third-party ...

How a 3(38) fiduciary can help you manage your retirement plan

A plan sponsor could serve as the fiduciary or outsource it to a third-party provider. Guideline acts as a 3(38) investment fiduciary, which ...

Retirement Plan Sponsors Need a Fiduciary Advisor - OpenPlan

Choosing the right retirement plan advisor is essential not just for reducing your risk as an employer but also for enhancing your employees' retirement ...

401(k) plan administrator and sponsor duties | Human Interest

Named Fiduciary responsibilities: The Named Fiduciary is responsible for selecting, evaluating, and monitoring all other fiduciaries to the plan ...

A Plan Sponsor Guide to Retirement Plan Investments | World

According to the DOL, the plan fiduciaries must designate at least three different investment options so that employees can diversify investments within an ...

Educating Retirement Plan Sponsors About Their Fiduciary ...

For starters, it allows you to help your clients meet their fiduciary responsibilities and reduce the risk of fiduciary liability they face. It also gives ...

What plan sponsors should know about DOL's new fiduciary proposal

A new Department of Labor (DOL) proposal seeks to expand the scope of fiduciary investment advice under ERISA.