ERISA Fiduciary Issues: A Practice Guide for Advisors

ERISA Fiduciary Issues: A Practice Guide for Advisors

By Jennifer McKibben • 2/22/2013 • 0 Comments

As plan sponsors become aware of the fiduciary responsibilities they have undertaken in sponsoring a retirement plan, they are increasingly turning to advisors to guide and support them in performing their duties.

Although stories of delayed retirement and lost savings have led some members of congress to challenge whether our private employer-sponsored retirement framework should be retained,there has been support for preserving the defined contribution system but with increased attention to those responsible for overseeing the plans and protecting participants’ interests – the plan fiduciaries.

The DOL’s regulatory agenda reflects the intensified focus on the plan fiduciary as the protector of participant rights. The service provider fee disclosure regulations, which became effective July 1, 2012, spotlight the plan sponsor’s fiduciary obligation to prevent excessive fees from eating away at participants’ savings. A separate DOL project is designed to expand the circle of individuals subject to fiduciary duties by expanding the definition of who is a fiduciary as a result of providing investment advice.

Download your copy of ERISA Fiduciary Issues: A Practice Guide for Advisors – and starting receiving the NAPA Net Daily – absolutely FREE!

We’ll send you a link to download your copy of ERISA Fiduciary Issues: A Practice Guide for Advisors. We’ll also send you the NAPA Net Daily e-newsletter, bringing the latest retirement plan industry news and insider commentary directly to your inbox every day.

Download Now!