Fiduciary Responsibility

Fiduciary responsibility covers not only your Retirement Plan, but ongoing compliance with proposed and final IRS and DOL regulations, including the "prudent expert" rule. HORAN is uniquely qualified to help you navigate the complex terrain of Retirement Plans and maintains the highest level of fiduciary responsibility.

Maximizing your benefits while minimizing your liability puts your company in the best position to attract and retain top talent – and that may be the best benefit of all.

We assist fiduciaries in fulfilling their ERISA mandated responsibilities. With increasing participant litigation, as well as increasing audits conducted by the Department of Labor (DOL), our clients understand the value of experts in the ongoing operation of their retirement programs.

The Employment Retirement Income Security Act (ERISA) requires that a fiduciary of an employee benefit plan act solely in the best interest of participants and beneficiaries.   The passage of this act substantially increased the liabilities of fiduciaries but also better defined some of their responsibilities.  The end result is that fiduciaries can be held personally liable for any breach of their responsibilities.  As a fiduciary, with discretionary authority over a plan or who assists in its administration, do you have all the facts?

Learn more about fiduciary responsibility in our white paper,
401(k) Plans - Are You Properly Insured.