401(k)s

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.
Guest Writer
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.
 

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Treat Retirement Plans Like a Business Unit, Not a Burden