How Plan Sponsors Can Limit Their Liability by Taking Care of the Small Stuff


When it comes to our health, small preventative measures can help us avoid greater harm to our health later down the line. We have been told of the great health benefits of taking baby aspirin and how we can lower our cholesterol with the choices we make in what we eat. There is no greater example than flossing and brushing your teeth to avoid cavities and a root canal later from the dentist. The thought of my parents’ periodontal surgery has me chugging that Listerine every morning and night. The same can be said for retirement plan sponsors and how small preventative steps can nearly eliminate all potential liability associated with establishing and maintaining a plan for the benefits of its employees. So this article is about how you can minimize your liability as a plan sponsor by taking care of the small stuff.

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