Reducing Fiduciary Exposure Under 401(k) Plans

Law360, New York (January 9, 2007, 12:00 AM EST) -- The 401(k) plan has become the primary retirement funding vehicle for the vast majority of employers. 401(k) plans are not only popular with employees, but also can provide employers with reduced exposure to liability under ERISA. However, such plans require ongoing fiduciary attention, and employers often do not take full advantage of the opportunities to reduce ERISA fiduciary liability.

The recently enacted Pension Protection Act of 2006 (“PPA”) provides employers sponsoring 401(k) plans with new tools that may prove useful in to reducing fiduciary exposure....
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