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Many employers offer a retirement plan savings vehicle without being fully aware of their fiduciary responsibilities—and the risks and liability that can accompany 401(k) plans.
As a plan sponsor and a plan fiduciary, you have taken on certain responsibilities, intended to protect the plan’s participants and beneficiaries, which were established by the Employee Retirement Income Security Act of 1974 (ERISA) and are monitored by the U. S. Department of Labor (DOL).
This guide is designed to help you: