Administering a retirement plan and managing its assets requires certain actions and involves specific fiduciary responsibilities. If you make decisions that impact your organization’s retirement plan, you’re likely considered a fiduciary under the Employee Retirement Income Security Act of 1974 (ERISA). With the current scrutiny over retirement plan litigation, it is imperative that plan fiduciaries understand their responsibilities and adhere to ERISA’s standards. Learn more about who is considered a fiduciary, their fiduciary responsibilities, and how to fulfill their responsibilities to their participants.
