ERISA 101: Comprehensive Insights into Fiduciary Duties
Ronald Allan Desiderio2024-07-24T01:33:54-04:00By: Editorial Staff, Date: July 23rd, 2024 ERISA (Employee Retirement Income Security Act) is a federal law that sets minimum standards for retirement and health plans in the private sector. One of its key components is the fiduciary duty, which requires plan sponsors and fiduciaries to act in the best interests of the plan participants and beneficiaries. Understanding the fiduciary duties established by ERISA is essential for plan sponsors and administrators. But who qualifies as an ERISA fiduciary, and what are their duties? This article will define who qualifies as an ERISA fiduciary, outline their duties and responsibilities, [...]