In Practice

Navigate the Minefield of Fiduciary Liability as a 401(k) Plan Sponsor

, Daily Report


The media regularly carries stories of the struggles faced by those trying to save for a secure retirement. Employers are rapidly shifting away from defined benefit plans, in which employees were assured a certain level of retirement benefits based on years of service, in favor of defined contribution plans, such as 401(k) plans, in which an employee's retirement income will be derived from the accumulated contributions made to their account.

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