Think You Can Just Sign up Your Company for a 401(k) and Forget About It? Think Again.

Here's how to make sense of the Employee Retirement Income Security Act.

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
Chairman and CEO, First Western
1 min read
Opinions expressed by Entrepreneur contributors are their own.

You’ve done your homework on retirement and 401(k) plans. You think you know everything you need to know about fees and returns and being a sponsor. You’re up to date.

OK, what about ERISA -- the Employee Retirement Income Security Act?

Skip the class on that one? Sorry, you do need to know some of the details about this important regulation. Fiduciary responsibilities are a key area, and can be a big legal risk.

Lawsuits against companies -- even small ones -- have propagated against companies that don’t perfectly follow the rules.
 
More from Entrepreneur
Our Franchise Advisors are here to help you throughout the entire process of building your franchise organization!
  1. Schedule a FREE one-on-one session with a Franchise Advisor
  2. Choose one of our programs that matches your needs, budget, and timeline
  3. Launch your new franchise organization
Discover the franchise that’s right for you by answering some quick questions about
  • Which industry you’re interested in
  • Why you want to buy a franchise
  • What your financial needs are
  • Where you’re located
  • And more
Whether you want to learn something new, be more productive, or make more money, the Entrepreneur Store has something for everyone:
  • Software
  • Gadgets
  • Online Courses
  • Travel Essentials
  • Housewares
  • Fitness & Health Devices
  • And More

Latest on Entrepreneur