How You Can Delegate Your Fiduciary Liability As A 401(k) Plan Sponsor

Ary Rosenbaum
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Running a business is a complicated activity. You have to be an expert in your field, service, or specialty. To get your work done, there is a point where you will need to outsource some key employer functions such as payroll and other human resource functions. So it stands to reason that it may be wise to cut back on the headaches and outsource your retirement plan. The concern that plan sponsors should understand is that when it comes to their 401(k) plan, there is a difference between outsourcing and delegation. So this article is going to make 401(k) plan sponsors like you understand what outsourcing your plan entails and the traps you should avoid.

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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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