Don't be a 401(k) lawsuit victim - build your fiduciary defenses now

摘要

You've no doubt read about the wave of lawsuits filed by disgruntled 401 (k) plan participants as financial markets have tanked.rnVeteran benefits consultant David Gensler says the pace of legal action is unprecedented in the 30 years he's been in the business.rnWhat should benefits and HR pros do to help shield their organization from legal challenges? Working with Finance, make sure any "fiduciary" - someone who exercises authority over plan assets - in your organization can show hands as white as snow. (Fiduciaries range from members of the investment committee to employees overseeing the plan's day-today operation - including HR.)