Anyone who manages an employee benefit plan or controls its assets is considered a Fiduciary. Those responsibilities include:
- Acting solely in the interest of plan participants and their beneficiaries
- Carrying out their duties prudently (exercising good judgment)
- Following the plan documents (unless inconsistent with ERISA)
- Diversifying plan investments
- Paying only reasonable plan expenses
After watching this video, you’ll learn:
- 3 reasons why you should evaluate your 401(k) plan periodically
- What characteristics make a top 401(k) plan