US EditionERISA Fiduciary Duties: Compliance Remains Essential - Varnum LLP
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ERISA Fiduciary Duties: Compliance Remains Essential - Varnum LLP
The Employee Retirement Income Security Act of 1974 (ERISA) establishes a comprehensive framework of fiduciary duties for many involved with employee benefit plans. Failure to comply with these strict fiduciary standards can expose fiduciaries to personal and professional liability and penalties. With ERISA litigation on the rise, a new administration, and recent news that the Department of Labor (DOL) is sharing data with ERISA-plaintiff firms,…
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