• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Employee Benefits Law Group

Employee Benefits Law Group

Guidance. More than just Legal Advice.

  • What We Do
    • ESOPs
    • Mergers & Acquisitions
    • Governmental Employee Benefits
    • Retirement Plans
    • Equity & Executive Compensation
    • Health & Welfare Plans
  • Our Team
  • Resources
  • Contact
Employee Benefits Law Group
Home > Resources > ESOP > What Are the Fiduciary Risks of Serving on the Administrative Committee?

What Are the Fiduciary Risks of Serving on the Administrative Committee?

August 11, 2020 by Employee Benefits Law Group

An ESOP administrative committee focuses on the operation of the plan and on the management of the plan assets. Watch our video to learn about the fiduciary risks of serving on the administrative committee.

 

Administrative Committee Members

The fiduciary risks of administrative committee members are relatively low compared to the risks of serving as a trustee. The administrative committee primarily manages plan recordkeeping and reporting, handles benefit claims, and deals with participant rights.

It is possible for the administrative committee to be in conflict or even litigation involving benefit claims. However, typically the committee is not involved in larger issues such as prudent investment of assets and whether or not transactions were prudently structured.

Filed Under: ESOP

About Employee Benefits Law Group

Employee Benefits Law Group is a deep and diverse team of experts working to make your life easier and improve your outcomes in every aspect of employee benefits. Our clients know we listen, probe and understand their challenges and objectives. We ask the questions they didn't know needed to be asked. They count on us to deliver solutions that become part of their company's overall success.

Meet the Team

EDITOR’S NOTE: We did the best we could to make sure the information and advice in this article were current as of the date of posting to the web site. Because the laws and the government’s rules are changing all the time, you should check with us if you are unsure whether this material is still current. Of course, none of our articles are meant to serve as specific legal advice to you. If you would like that, please call us at (916) 357-5660.

Recent ESOP Posts

Selling an ESOP Company

Two Truths and a Lie

Tax-Deductible Dividends: A Win for Employers and Employees

Don’t Miss Out! Subscribe

We cover all things employee benefits law.

Privacy Policy

We never share your info.

Let’s Start a Conversation

Have questions about your current benefit plan? Want to know what your benefit plan options are? Whatever your need, we’re here to help. Fill out a hassle-free request form, and one of our team members will follow up to get you on the path to success.

Get In Touch

Footer

Our experienced team guides you in all aspects of ESOPs, M&A due diligence, retirement plans, equity / compensation, and health and welfare benefits.
Sacramento Office
916-357-5660
620 Coolidge Drive
Suite 100
Folsom, CA
95630
Los Angeles Office
310-571-8896
10880 Wilshire Blvd
Suite 1101
Los Angeles, CA
90024
San Jose Office
408-467-3860
2033 Gateway Place
Suite 500
San Jose, CA
95110
  • Facebook
  • Twitter
  • LinkedIn
  • Email

Contact Us

Copyright © 2022 Employee Benefits Law Group · Privacy Policy · Site Design by Delos Incorporated