Advisors can help by providing an in-depth plananalysis that helps to ensure previously elected features stillmake sense for the participant base. (Photo: Shutterstock)
The retirement plan landscape is increasinglychallenging for plan sponsors, as regulatory pressure increases and more plansbecome the focus of legal action. In reality, the majority of smallbusiness plans won't find themselves embroiled in a courtroom battle, but they do need to beincreasingly vigilant about applicable rules andresponsibilities.
Plan sponsors' challenges are made more difficult by the law's(ERISA) fundamental mandate that every retirement plan must appointat least one fiduciary in charge and must be operated with a'Prudent Expert' standard of care.
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