4 Questions Employee Benefit Plan Fiduciaries Should Know the Answers to
(WorldNews Politics)

Are you the fiduciary of your organization`s employee benefit plan? If so, do you fully understand what that means? More often than not, many don`t. But it`s important to know what is required of you as a fiduciary and of the company to avoid any potential pitfalls, and liabilities, in this very important area. Below are four questions you should know the answers to. 1. What is the Role and Responsibilities of an Employee Benefit Plan Fiduciary? The primary role of a fiduciary is to oversee the benefit plan for the organization and to protect the interests of employees enrolled in the plan. The Department of Labor (DOL) states the primary responsibilities of a fiduciary are as follows:...