ARTICLE
16 April 2024

Building A Better Fiduciary Process For 2024 For Retirement Plan Sponsors (Webinar)

DW
Dickinson Wright PLLC

Contributor

Dickinson Wright is a general practice business law firm with more than 475 attorneys among more than 40 practice areas and 16 industry groups. With 19 offices across the U.S. and in Toronto, we offer clients exceptional quality and client service, value for fees, industry expertise and business acumen.
Retirement plan fiduciaries are increasingly operating from a defensive posture as the subject of lawsuits alleging breach of fiduciary duty due to underperforming investments, excessive fees, and failure to select and monitor investment options.
United States Employment and HR
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Retirement plan fiduciaries are increasingly operating from a defensive posture as the subject of lawsuits alleging breach of fiduciary duty due to underperforming investments, excessive fees, and failure to select and monitor investment options. In this environment, it is more important than ever that plan sponsors understand their key fiduciary duties and responsibilities under ERISA, the importance of procedural prudence, and considerations for managing fiduciary risk and responsibility. To that end, plan sponsors not only need to consider whether their decisions have good outcomes, but also that they have developed and documented a proper process in arriving at those decisions.

Join Dickinson Wright's Eric Gregory and CAPTRUST's Errol Hau as they discuss practical strategies to comply with fiduciary duties applicable to retirement plan sponsors, and how to reduce exposure for liability for breaches of fiduciary duties. Specifically, we'll be discussing:

  • Understanding the nature of fiduciary liability under ERISA
  • Developing better processes to hire competent service providers for a reasonable fee
  • Properly documenting decision-making processes
  • Understanding and avoiding common errors

Click here to register.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

ARTICLE
16 April 2024

Building A Better Fiduciary Process For 2024 For Retirement Plan Sponsors (Webinar)

United States Employment and HR

Contributor

Dickinson Wright is a general practice business law firm with more than 475 attorneys among more than 40 practice areas and 16 industry groups. With 19 offices across the U.S. and in Toronto, we offer clients exceptional quality and client service, value for fees, industry expertise and business acumen.
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