- DOL Fines – You could face fines if your plan is out of compliance. As the Fiduciary for the retirement plan, you’re liable.
- Litigation – Lawyers now specialize in 401(k) lawsuits. Defending those suits can be very costly plus a possible settlement as well.
- Your Employees – Excess fees drag down account balances and can leave your employees without enough money to pay their bills in retirement.
* We always operate in a Fiduciary capacity to help you manage the risks in your retirement plan.