401(k) Planning

For Plan Sponsors

Plan Sponsor's Six-Step Process

Why Benchmarking Your 401k Plan is Prudent

If Something Goes Wrong with Your Retirement Plan, Who’s Responsible?

If you don’t know…it’s probably you.

Did you know that as a plan sponsor you are subject to personal liability? You must make good any losses to the company’s retirement plan resulting from a breach of your fiduciary responsibilities. With so much at stake you must not take your duties as the sponsor of a retirement plan lightly.

One such responsibility is to know and evaluate the compensation paid to plan service providers. A spate of recent lawsuits has sought to impose liability on plan sponsors for “unreasonable” fees charged to plan assets (and participant accounts) by service providers such as investment managers, record keepers and plan administrators.

Self-Assessment of Fiduciary Excellence (S.A.F.E.)

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