Does your company sponsor an employee benefit plan? While offering a plan can be rewarding to both the participants and the plan sponsor, it comes with a great deal of responsibility. Understanding your role as a fiduciary is an important step to limiting the liability related to offering such a plan.

To help you understand how to meet your fiduciary responsibility, Doeren Mayhew’s Employee Benefits Group documented the important things you need to know about being a plan sponsor in our latest e-paper Employers’ Guide to Understanding Fiduciary Responsibilities. Here you will gain insight into:

  • The main building blocks of a plan’s foundation
  • What defines you as a fiduciary
  • The significant responsibilities of a fiduciary
  • How to limit your liability
  • Best practices for seeking third-party assistance
  • What to know about providing advice to participants
  • Other things to consider when operating a plan
  • Required communications for getting the word out to participants
  • Helpful advice for fiduciary success

Download it now.

Need help understanding your fiduciary responsibilities or implementing best practices to carry them out, Doeren Mayhew’s employee benefit specialists in Michigan, Houston and Ft. Lauderdale can help. Contact us today.