O'Reilly logo

Essentials of Retirement Planning by Eric Robbins

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 12

Fiduciary Responsibility

Introduction

As a person is growing up, he or she is always encouraged to become more responsible. In the world of employer-sponsored plans, the responsible parties are called fiduciaries and they are rightly held to a high standard to protect the participants’ best interests. Fiduciaries are actually personally liable for any wrongdoings. This knowledge creates a need to be laser focused upon what can and cannot be done with plan assets. This is a good thing for plan participants, but the degree of restrictions creates a high hurdle for individuals to be willing to become plan fiduciaries. Because of this, there are some measures that can reduce the burden for a fiduciary. You will learn about some of the ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required