As the sponsor of a 401k plan, you have a fiduciary responsibility to timely deposit participant contributions in your plan’s trust or custodial account. Failing to do so is a fiduciary violation, and constitutes a prohibited transaction that subjects you to an excise tax.
MetLife Investment Management fills lead LDI strategist role; Smart adds head of fiduciary oversight; Principal announces new U.S. retirement business president; and more.
MetLife Investment Management fills lead LDI strategist role; Smart adds head of fiduciary oversight; Principal announces new U.S. retirement business president; and more.
Adam Cantor is an employment attorney with Jackson Lewis in White Plains, New York. His practice focuses on employee benefits, Employee Retirement Income Security Act ERISA fiduciary compliance and planning, employment law, executive and equity compensation, and business succession planning