Many people don’t realize this, but the trustee of a 401(k) plan is personally liable for the plan. The business is liable as well. Be aware: plaintiffs’ attorneys have started winning lawsuits due to high-fee plans. It is a clear ERISA violation not to act prudently in the interest of your employees.
We reduce your risk by minimizing fees, providing excellent low-cost funds, creating a diverse set of choices, and setting default investments that are in the interest of the employee, not the financial industry.
Bennington, VT Financial Advisor
Available for meetings in Bennington, VT and surrounding areas.