Being a retirement plan sponsor comes with great responsibility — namely, fiduciary responsibility. This also opens you up to a number of risks, including legal action. When you’ve worked in the retirement plan industry as long as I have, you can’t avoid the occasional breaking news story of a well-meaning company facing litigation involving their company retirement plan. The catalyst for legal action is typically a disgruntled former employee going to a lawyer.

Topics:  retirement   industry   litigation   plan   responsibility   legal   company   action   
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