Trustee Fiduciary Liability

The Department of Labor estimates that over 75% of retirement plan trustees are not effectively meeting their fiduciary responsibilities. Most trustees are also unaware that they can be held personally liable for being out of compliance. PPA can ensure that clients are equipped with the tools to meet those obligations through our Trustee Services program. By combining the role of the plan's administrative trustee with the legal expertise of PPA's attorneys, the program virtually eliminates plan sponsor fiduciary liability. From beginning to end we will manage:

  • The legal and financial implications of trustee non-compliance

  • Who the plan trustees are and identify their fiduciary responsibilities

  • Compliance solutions that meet all governing legal requirements

As the plan sponsor you will receive not only the benefit of professional and experienced representation but peace of mind as well. For further information contact Tony Panagiotu or Gary Connett at (253) 759-8354 (trusteeservices@ppatpa.com).

DEPARTMENT OF LABOR FIDUCIARY RESPONSIBILITY WEBSITE -click here-

 

Trustee Fiduciary Risk Checklist

Plan Trustees, are you aware of your personal liability as the trustee of your company sponsored retirement plan?  Clicking the link at the bottom of this page will provide you with a review of your responsibilities as a plan trustee.  If you have concerns about the risk of this responsibility, PPA can help.

For further information contact one of the following:

Tony Panagiotu (tonyp@ppatpa.com
Gary Connett (garyc@ppatpa.com)
Steve Rapkoch (stever@ppatpa.com)

Phone: (253) 759-8354

TRUSTEE FIDUCIARY RISK CHECKLIST