Managing Fiduciary Risk: Fact, Fiction, and What May Be Next

Multnomah Group, the Faegre Drinker benefits and executive compensation team, and Euclid Fiduciary discuss managing risk for retirement plan fiduciaries. As 401(k)/403(b) fee class actions continue, plan fiduciaries need to understand their responsibilities and the steps they can take to prevent or mitigate fiduciary liability. 

The discussion focuses on the following themes:

• Fact: Good Process and Adequate Protection
• Fiction: Outsourcing Fiduciary Duty and Litigation Examples
• Next: Mandatory Arbitration and Limiting Board Exposure