You are the ESOP’s trustee or administrative committee member and an employee. What exactly are the risks you take as an internal plan fiduciary? What can you do to prepare for a DOL investigation and how do you handle one when it comes? What kinds of claims can participants and beneficiaries make in a lawsuit? Can you be insured against these risks? In this in-depth article, we answer these questions and more so you have a complete picture of what to expect when you agree to take on the responsibility of being a fiduciary.
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