compliance

Fiduciary Liabilities: What Are They? How Can They Be Mitigated?
Team SummitEmployer Resource Center, Fiduciary GovernanceComments are off for this post
“Risk comes from not knowing what you are doing.”-Warren Buffett Being an ERISA fiduciary may entail personal liability. In addition to making the plan whole for any losses resulting from a breach of fiduciary duty, a fiduciary may be required to disgorge any profits obtained in committing the breach, and be subject to “such other  Read More →
Navigating the Waters: Safe Harbor 401(k) Plan Options
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
Most 401(k) Plan Sponsors share the same ultimate goals for their organizations’ 401(k) Plan: maximize executive savings, minimize administrative burden, and provide a valuable benefit by helping their employees achieve a successful retirement along the way. In many organizations, however, these goals are not so easily accomplished. But, achieving victory doesn’t have to be difficult!  Read More →
Can I Send Participant Notices Electronically? A Brief Guide to e-Delivery
Team SummitEmployer Resource Center, Plan Operations & AdminComments are off for this post
The number of notices and disclosures required to retirement plan participants has increased while methods to access information has changed drastically. Many people receive their news and information on electronic devices through apps and social media. What remains the same is the Department of Labor’s (DOL’s) guidance about permissible methods to provide notices electronically. There  Read More →

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