Protect Your 401k Liability Like Never Before
Legal Protections and ERISA
The Employee Retirement Income Security Act (ERISA) provides a federal framework for 401(k) plans, setting standards for plan management and protecting participants' interests. ERISA requires fiduciaries to act prudently and in the best interest of plan participants, offering a layer of legal protection. However, understanding ERISA's provisions and ensuring compliance is crucial to avoid potential liabilities4.