Tag: Fiduciary Liability

The 401(k) industry is complex. With a mixture of rules and regulations that are written and enforced by more than one government organization, there are a plethora of complications that can arise. Every year, 401(k) plans around the country are subject to government non-discrimination and coverage testing. Because the U.S. Government offers substantial tax benefits […]

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When referring to 401(k) audits, most plan sponsors understand the basic concepts of the annual audit attached to the IRS Form 5500 for plans greater than 100 participants. The auditor is onsite for a couple of weeks and gathers the needed information pertaining to the financials of the plan. But what happens when the government […]

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The BenefitGuard solution for 401(k) plans is unique in that BenefitGuard signs and acts in the primary fiduciary roles so that the employer does not have to. BenefitGuard acts as the 3(16) Plan Administrator and the 3(21) Named Fiduciary. But there is another important fiduciary role that BenefitGuard fills and that is the 3(38) Investment […]

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