Many U.S. companies risk liability with retirement plans.One of the largest sources of class-action lawsuits against Fortune 1000 corporations is fiduciary liability, according to Fiduciary Risk Management LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a division of top-100 CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. firm Habif, Arogeti & Wynne LLP LLP - Lower Layer Protocol . Serious difficulties often result from companies fundamentally misinterpreting their fiduciary duties under the Employee Retirement Income Security Act The Employee Retirement Income Security Act of 1974 (ERISA), 29 U.S.C.A. § 1001 et seq. (1974), is a federal law that sets minimum standards for most voluntarily established Pension and health plans in private industry to provide protection for individuals enrolled in these plans. , FRM said. According to FRM, improperly administered retirement plans present immense levels of risk for businesses, and often leave employees short of retirement goals. Loss/Risk Management Notes is compiled by Senior Associate Editor Meg Green. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion