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Fiduciary Responsibilities of Retirement Plan Sponsors
Sponsored By RSM McGladrey
- Topics:
- Employee Benefits & Human Capital > 401(k) , Defined Benefit
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- Abstract:
- More than 42 million American workers have $1.9 trillion invested in 401(k) accounts -- nearly half of that amount in mutual funds, the rest in employer stock and other types of investments. With so many people depending on these funds for retirement security, the U.S. government placed significant legal requirements and restrictions on fiduciaries -- the companies and individuals entrusted with managing retirement plans and their assets. Employers who sponsor retirement plans need to understand the basic responsibilities of fiduciaries. This paper outlines some of those responsibilities and describes some practical steps fiduciaries can take to meet them.
- DETAILS
- Sponsored by: RSM McGladrey
- Posted: December 13, 2007
- Length: 4 pages
- Format: PDF (818 kb)
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