Overseeing Pension Management
Retirement plan committees are going formal. Their increasing attention to structure and process may not call for tuxedos and corsages, but it just might keep government auditors and potential plaintiffs at bay.
It’s more important than ever for executives who manage employees’ retirement money to dot their i’s and cross their t’s, experts say. Any breach of fiduciary duties could lead to lawsuits by participants and put committee members’ personal assets at risk.
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2006 Pension Law Changes
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