Who’s In Charge Here?: 401(k) Plan Governance Whitepaper
Plan Sponsors and Fiduciaries are often unaware of their retirement plan governance duties, but it’s essential to know what they are and to perform them properly! A breach of fiduciary duty exposes the Plan Sponsor to personal financial liability, termination of the plan, or even incarceration. This whitepaper details a 401(k) Plan Sponsor’s duty, responsibility, and accountability to the plan, and answers questions about plan compliance.