- Specific steps a plan sponsor can take to minimize the liability of sponsoring a retirement plan. These steps include: (a) having a thorough knowledge of your plan; (b) being aware of the types of plan design features that complicate plan administration; and (c) understanding the focus of a DOL or IRS audit.
- Concludes with a discussion of how to conduct a self-audit of the plan, and the role of fiduciary liability insurance in minimizing fiduciary liability
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