While qualified retirement plans are legal entities using plan documents that are legally binding documents, it is surprising that many retirement plan sponsors don’t feel the need to hire an independent ERISA attorney to assist them. While many plan sponsors utilize the legal document services of their third party administration firm, there is a false sense of security and lack of protection that an independent ERISA attorney can provide. This article explains the value of hiring a good ERISA attorney and why the extra expense is well worth it.
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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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