Fiduciary Blind Spots Many 401(k) Plan Sponsors Overlook

In this presentation, I will provide you with some of the most common 401(k) governance issues overlooked by plan committee members who are ERISA fiduciaries. I will explain the ERISA requirements of plan fiduciaries, as well as how these committee members may ensure they proactively review fee benchmarks and Investment Policy Statements on a regular basis while ensuring all committee reviews are documented with accurate notes.  I will also address the fiduciary’s role in selection and regular review of service providers.  Finally I will address the committee’s fiduciary role in regular review of how well participants understand their plan options and how to ensure oversight of cybersecurity risk. Learn more: https://www.cummings.law