Correcting Operational Mistakes Can Eliminate Fiduciary Liability
Plan sponsors have become familiar with the voluntary correction programs offered by the IRS and DOL.
Plan sponsors have become familiar with the voluntary correction programs offered by the IRS and DOL.
TPA was held liable for breaching its fiduciary duty by not disclosing certain fees.
ERISA Source: PLANSPONSOR By Judy Ward For the first time in a generation, the Labor Department has taken another crack at the definition of a fiduciary under the Employee Retirement Income Security Act (ERISA). The proposed rule was unveiled today by the Department of Labor (DoL), which noted that its adoption “would protect beneficiaries of … Continued
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