Retirement plans are in the news a lot these days. There’s been a spate of lawsuits alleging that some large U.S. employers have dropped the ball in running their retirement plans, and the U.S. Department of Labor (DOL) often sides with the plaintiffs in these suits.
In this environment, plan sponsors with weak governance could soon find themselves in the crosshairs.
Although these obstacles appear to make retirement plan operations especially risky, they actually present several opportunities for plan sponsors to strengthen plan operations to protect them against their greatest risks.
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