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Listen "Ep. 021 Interview Series: Stephen Rosenberg & Doug Lutkus on ERISA Compliance and Tackling Litigation Risk"
Episode Synopsis
In the US, 87 million employee participants put aside money for retirement. This represents an incredible $6.3 trillion in assets, which is managed by a few organizations covering approximately 635,000 plans. So, have you ever wondered if you're getting the right story on your retirement investments?
It's typical to have the Treasurer or CFO as plan Fiduciary take on the responsibility for running the retirement plans, but many CFO's are often surprised to learn that by doing that, they've actually taken on personal liability if things go wrong with the plans. If an employee submits a legal claim that their plan has been mismanaged the onus is on the Fiduciary to navigate the complex legal traps to prove sufficient safeguards were in place.
On this episode of Business Breaks, Steve Rosenberg and Doug Lutkus discuss important topics related to 401(k) disclosures and the implications of holding fiduciary responsibilities. Our experts provide recommendations for CFOs and plan fiduciaries to reduce the risk of litigation challenges.
Steve Rosenberg shares his experience as a highly accomplished litigation lawyer specializing in ERISA and insurance coverage disputes, while Doug Lutkus provides expertise in fiduciary liability training and guidance to stay compliant with retirement plan regulations.
Tune in for valuable insights on how to navigate complex retirement plan regulations to protect yourself and your business from the legal consequences!
It's typical to have the Treasurer or CFO as plan Fiduciary take on the responsibility for running the retirement plans, but many CFO's are often surprised to learn that by doing that, they've actually taken on personal liability if things go wrong with the plans. If an employee submits a legal claim that their plan has been mismanaged the onus is on the Fiduciary to navigate the complex legal traps to prove sufficient safeguards were in place.
On this episode of Business Breaks, Steve Rosenberg and Doug Lutkus discuss important topics related to 401(k) disclosures and the implications of holding fiduciary responsibilities. Our experts provide recommendations for CFOs and plan fiduciaries to reduce the risk of litigation challenges.
Steve Rosenberg shares his experience as a highly accomplished litigation lawyer specializing in ERISA and insurance coverage disputes, while Doug Lutkus provides expertise in fiduciary liability training and guidance to stay compliant with retirement plan regulations.
Tune in for valuable insights on how to navigate complex retirement plan regulations to protect yourself and your business from the legal consequences!
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