ERISA is the governing law for all qualified retirement plans. ABG Consultants protects you and your plan by taking on fiduciary responsibility. We help form and educate your investment committee. The investment committee will serve to facilitate choosing the funds that go into the plan, deciding on employee education materials, and monitoring all aspects of the retirement plan, ensuring that it is running correctly and prudently.
“ Failure to meet one’s fiduciary obligations to a plan may result in personal liability to the plan, as well as exposure to liability for acts of any other fiduciary to the plan.” -Catherine Bardsley J.D. Kirkpatrick & Lockhart (Washington D.C.) Pleading ignorance, bad communications or inexperience will not be adequate legal defenses.
Delegation to prudent experts and the proper overseeing of them is the best way for a fiduciary to reduce his or her liability.
ERISA Handbook, 2000
ABG Consultants constructs your individualized Investment Policy Statement. The Investment Policy Statement becomes the roadmap for the plan and the investment committee, as well as the road map for picking and monitoring the assets in the plan.
By adopting the Investment Policy Statement and following its documented policies and procedures, we will mitigate fiduciary liability together.
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