Using ERISA’s new default-investment rule

A new rule provides a retirement plan’s fiduciary some relief from responsibility for deciding exactly how to invest a plan account of a participant, beneficiary, or alternate payee who hasn’t directed investment. You’re not liable for what results because of investing an individual’s account in a qualified default investment alternative. The rule’s relief is available not only with an “automatic-contribution” arrangement but also for other default investments.

Click this link for my explanation of the new rule and some practical pointers.

For more information, contact Fiduciary Guidance Counsel at (215) 732-1552 or send an email.

Fiduciary Guidance Counsel
504 South 22nd Street
Philadelphia, PA 19146
(215) 732-1552
Fax (215) 689-2930
Email peter@fiduciaryguidancecounsel.com