8 strategies for reducing fiduciary risk in your retirement plan
Follow any sort of business news and you’ll hear about the latest ERISA suit brought against an organization’s retirement plan. Those lawsuits show why it’s so vital to have a robust governance structure in place for your retirement plan. Following good governance practices (PDF) can help you reduce your plan’s litigation risk and improve your chances of prevailing in the event of an audit, litigation, or regulatory inquiry.
While there’s no perfect governance structure that works for every retirement plan, there are some risk mitigation strategies you can use to reduce the likelihood of a fiduciary breach. Here are 8 to consider.
Learn more about the 8 strategies for reducing fiduciary risk in your retirement plan.