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|ASAE Retirement Trust Webinar.pdf|
In this installment of the “Ask the 401(k) Professionals” series, sponsored by the ASAE Retirement Trust, attendees will learn important tips and tactics to ensure awareness of fiduciary liabilities relating to 401(k) plans.
401(k) plans have many moving parts and create a new frontier of fiduciary roles for staff, most of whom are unaware of the entanglements that can ensue. Did you know that there is a difference between a directed trustee and a discretionary trustee? Or that you do not need to offer the lowest-cost plan, but that you are required to know all the costs? This session will guide you through the following topics designed to protect those who administer and oversee 401(k) plans from fiduciary liability:
· Process best practices
· Legal lessons
· Tools to mitigate liability