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. Also, outside auditors often request proof of strict fiduciary compliance with plan rules. This focus on plan fiduciaries, whether by litigants, auditors, or the government, zeroes in on governance issues and the extent to which fiduciaries have demonstrated engagement with issues that are their responsibilities.
Littler has developed the tools to help employers meet these challenges facing plan fiduciaries. The Littler Fiduciary Toolkit provides corporate officers and plan committees with 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.