Articles for: fiduciary
Locating Missing Participants and Beneficiaries
As a part of a plan sponsor’s or administrator’s fiduciary duties, ERISA requires that a reasonable effort is made to locate any missing participants or beneficiaries in order to pay [...]
Key words: beneficiary,fiduciary,missing participant
What information does a plan fiduciary have the duty to provide?
There are a number of things that the fiduciary is required to disclose to participants and beneficiaries. The disclosure of such items is governed by Title I of ERISA. The [...]
Key words: Disclosure,fiduciary,fiduciary duty
Failure to Satisfy Fiduciary Duty Results in Damage and Fee Award
In the case of Kujanek v. Houston Poly Bag, Houston Poly Bag I, Ltd. (“Poly Bag”) was determined to have failed to provide a participant with a copy of the [...]
Key words: ERISA,fiduciary
As a member of my company’s 401(k) Committee, what are my responsibilities?
Before asking what your responsibilities are, you must first know what your function is. Your Committee duties may determine whether you are acting in a fiduciary capacity. For example, are [...]
Key words: ERISA,fiduciary