As a fiduciary, it’s critical to be aware of your duties and act with care, skill, prudence, due diligence, and solely in the best interest of plan participants.

However, it’s equally as important to be aware of the common issues that can get fiduciaries into trouble. Check out this video from The Standard for a quick look at some of the most common issues that may spell trouble for fiduciaries, and how to avoid them.

 

Representatives offer products and services using the following business names: Summit Group of Virginia LLP – insurance and financial services | Ameritas Investment Company, LLC (AIC), Member FINRA/SIPC – securities and investments | Ameritas Advisory Services (AAS) – investment advisory services. AIC and AAS are not affiliated with Summit Group of Virginia LLP, or The Standard. Products and services are limited to residents of states where the representatives are registered. This is not an offer of securities in any jurisdiction, nor is it specifically directed to a resident of any jurisdiction. As with any security, request a prospectus from your representative. Read it carefully before you invest or send money. A representative will contact you to provide requested information. Representatives of AIC and AAS do not provide tax or legal advice. Please consult your tax advisor or attorney regarding your situation.