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| Is your company exposed to 401(k) fiduciary risk? Try your hand at these five questions. |
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Dave Cook,
CFO.com | US
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True. A finance executive handling corporate investments is held to the prudent-person standard, according to Ann Longmore, ERISA practice leader at New York-based insurance broker Willis. However, this defense has no weight under ERISA, adds Longmore, because the prudence one must demonstrate when handling pension investments must be that of an expert.
We don't maintain that our annual Buyer's Guide to 401(k) Providers will make you an expert — but it will help keep you apprised of your risks and responsibilities.
Return to main page of buyer's guide
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