As a Plan Sponsor, you are a fiduciary with obligations under ERISA (The Employee Retirement Income Security Act of 1974) and DOL (Department of Labor) Regulations that you must comply with. Meredith Sesser can work with companies to review a plan’s administrative procedures and investment policy to ensure that it meets its fiduciary responsibilities. She can guide plan sponsors so that they understand their responsibilities regarding the operation and administration of their plans. By adopting proper fiduciary procedures, a company can limit its exposure to participant claims or action by the IRS or DOL. Further, developing a concrete strategy to comply with ERISA 404(c) can limit a company’s exposure in the event of adverse claims. Meredith’s objective is to make sure her clients satisfy their fiduciary responsibilities, provide the appropriate information to plan participants and avoid litigation and other claims.
As part of advising on fiduciary compliance, Meredith can advise on reporting and disclosure requirements, prohibited transactions, use of plan assets to pay plan expenses, and the selection and monitoring of service providers to the plan.