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Retirement Plan Fiduciary Responsibility: How to Avoid Personal Liability
June 28, 2016 @ 11:30 am - 1:30 pm
Administering a retirement plan and managing its assets is a significant responsibility. Because they act on behalf of participants in a retirement plan as well as their beneficiaries, plan fiduciaries (individuals who manages an employee benefit plan and its assets) have important responsibilities and are subject to standards of conduct.
As a plan fiduciary, you could be held personally liable for acts associated with administering the plan—whether or not your acts or decisions were made knowingly in violation of your fiduciary duties. Not knowing your responsibilities is not a defense.
To meet your responsibilities as plan sponsors, fiduciaries need to understand some basic rules. This seminar will review these rules as well as what fiduciaries need to know about their responsibilities.
Subtopics include:
- Am I a fiduciary?
- What exactly are my responsibilities as a fiduciary?
- Who can I team up with to help me fully understand and document my requirements?
- How can I reduce my personal liability as a fiduciary?
Presented by: Aaron Finch of Voya Financial Partners, LLC
Who should attend?
- Plan trustees
- HR staff responsible for administering retirement plans
Lunch 11:30 – Noon
Presentation Noon – 1:30