committee

Fee Litigation with an Odd “Twist”
Team SummitEmployer Resource Center, Fiduciary GovernanceComments are off for this post
A recent class action lawsuit highlights an often neglected but important item of fiduciary concern. The plaintiffs, in this case, have asserted claims for breach of the fiduciary duties of prudence and failure to monitor fiduciaries. Nothing new so far, but in addition to naming the typical plan fiduciaries as defendants, the lawsuit also targets  Read More →
Three Ways to Strengthen Your Retirement Plan Committee
Team SummitEmployer Resource Center, Fiduciary GovernanceComments are off for this post
Retirement plan committees aren’t required by ERISA, but they can be extremely beneficial nonetheless — especially for larger plans. And if they’re constructed and operated appropriately, they can even help in the event a sponsor is sued. Depending on the size of the plan, some organizations split up committee responsibilities into investment oversight, administration, and  Read More →

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