facade closeup of DOL building in DC U.S. Department of Labor in Washington, D.C. (Photo: Diego M. Radzinschi/ALM Media)

Fiduciary duties for plan sponsors are sometimes confusing, often tedious, but always crucial to pay attention to. A slip-up can result in consequences such as audits, or worse, lawsuits.

Staying on top of this includes monitoring Department of Labor guidance. So far, DOL concerns in 2021 have ranged across a variety of areas, with varying degrees of guidance. Two important areas involve plan sponsor responsibility to do the following:

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C.J. Marwitz

C.J. Marwitz is a writer and editor.

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