fiduciary liability

Mitigating Fiduciary Liability [VIDEO]
Team SummitEmployer Resource Center, Fiduciary GovernanceComments are off for this post
If you are considered a fiduciary to your organization’s retirement plan, it’s critical that you understand your responsibilities along with your liabilities. What you also may want to understand are the potential ways to limit fiduciary liability. Tune into this Brainshark from The Standard to walk through the various ways in which you could reduce  Read More →
Investment Re-enrollment Can Improve Retirement Outcomes [Video]
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary Governance, Plan InvestmentsComments are off for this post
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Are your plan participants properly allocated or could they benefit from an investment re-enrollment? Investment re-enrollment – the process of requiring participants to reconfirm their investment elections, then re-allocating their balance into the plan’s qualified default investment in absence of an election – can be very impactful to overall plan health and the retirement outcomes  Read More →
Plan Protection: Fidelity Bond vs. Fiduciary Insurance
Team SummitEmployer Resource Center, Fiduciary GovernanceComments are off for this post
Plan sponsors often ask, “Is an ERISA fidelity bond the same thing as fiduciary liability insurance?” The answer is no, they are not the same. The two insure different people and have different requirements under the terms of ERISA. Purchasing a Fidelity Bond Generally, every fiduciary and anyone who handles funds or other property of  Read More →

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