Employers sponsoring health and welfare plans and retirement plans must carry out their fiduciary responsibilities carefully or risk being targeted by plan participant class action lawsuits or by the government as Department of Labor audits proliferate. Often, these legal actions zero in on both governance issues and the extent to which fiduciaries demonstrate fiduciary engagement. Added pressure is coming from the DOL’s recently issued final regulations that not only greatly clarified which entities servicing plans serve as fiduciaries, but also put in sharp focus the steps plan sponsors must take if they wish to best shield themselves from a wide range of legal claims.
Littler has developed the tools to help employers meet these challenges facing plan fiduciaries. The Littler Fiduciary Toolkit provides corporate officer and plan committees the critical elements needed to institute sound fiduciary governance practices for both retirement plans and health and welfare plans.
The Littler Fiduciary Toolkit is a fixed-fee suite of documents and services designed to assist plan fiduciaries to:
The Fiduciary Toolkit is a fixed fee suite of services that includes:
To learn more about Littler’s Fiduciary Toolkit, email us at ServiceSolutions@littler.com.