Fiduciary Responsibility at the Top of Employers Concerns Today

The 401khelpcenter.com has just published The 401(k) Plan Sponsor's Fiduciary Toolkit" (Toolkit). With class action lawsuits like those against Enrons retirement plan trustees, employers across the nation are waking up the fact that they have substantial corporate and personal risk involved in running their 401(k) retirement plan.

Fiduciary Responsibility at the Top of Employers Concerns Today

The 401khelpcenter.com has just published The 401(k) Plan Sponsor's Fiduciary Toolkit" (Toolkit). With class action lawsuits like those against Enrons retirement plan trustees, employers across the nation are waking up the fact that they have substantial corporate and personal risk involved in running their 401(k) retirement plan.

Failure to meet the standard of care can result in severe penalties for the company and personal liability for the individuals involved. The purpose of "The 401(k) Plan Sponsor's Fiduciary Toolkit" (Toolkit) is to help individuals and companies manage the duties required and to provide the tools, information, and insight needed to be an effective fiduciary and retirement plan committee member.

The 401(k) Plan Sponsor's Fiduciary Toolkit" is designed to help.

We wanted to provide employers and the vendors they employ to assist them with a set of 'tools and best practices that would allow for the best possible management and oversight of their retirement plans," said Rick Meigs, President of 401khelpcenter.com and co-editor of the Toolkit. This will result in better run plans and a stronger, more trusted retirement system," stated Meigs.

The Toolkit covers a broad range of topics including how to set-up an investment committee, how to select and monitor investment choices, and how to monitor plan costs. Tools provided include many check lists, sample documents, guidelines, meetings agendas and other resources.

More information on the Toolkit can be found at http://www.401khelpcenter.com/toolkit/

About 401khelpcenter.com

401khelpcenter.com, located in Portland, OR, is a principal provider of information, opinion, analysis, news, rules, and other 401k resources for retirement professionals, plan sponsors, small businesses, and plan participants. For more information, visit the companys website at www.401khelpcenter.com.