Pension Plan Fiduciary Consulting
Fiduciary expertise is critical in today’s litigious pension environment. Following the Enron crisis, for example, Congress imposed trust law fiduciary liability upon employers who did not prudently diversify plan assets to avoid the chance of large losses inside Section 404 of the Employee Retirement Income Security Act (ERISA), yet it is unclear whether such fiduciary liability applies to trustees of employee-directed 401(k) plans.
ERISA litigation increased at a rate of 25% per year during the past four years. Investment fiduciaries are under a legal microscope, and the trend toward an increased number of lawsuits and complaints will likely continue. Recchia Pension Advisorysm not only clearly informs you of the fiduciary responsibilities related to your pension fund, but we can also help lessen the liability for you.
