the phrase Fiduciary Duty printed on paper with pen nearby (Photo: Shutterstock)

In this current economic environment, workers are anxious about the status of their employer-sponsored retirement plans, as well as the worth of their benefits. Communication between businesses and plan sponsors is key in the retirement plan processes – however, business owners can be held liable if they face claims of alleged or actual breaches of duty in connection with the employee retirement plan.

Allowing an allegation of a fiduciary breach to distract business owners from the running of their company – and even jeopardize their personal assets – is not a good idea.

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