Services
For ERISA Fiduciaries...
In an environment of stock market volatility, increased
litigation, and complex laws and regulations, corporate
directors, executives, management personnel and human
resource professionals who serve as ERISA fiduciaries of
their companies’ employee benefit plans face significant
challenges as they seek to fulfill their duties and
responsibilities under ERISA. If you are an ERISA fiduciary,
the Law Office of B. Janell Grenier has developed an ERISA
Compliance Program, designed to help you meet these
challenges, by assisting you in understanding and fulfilling
your fiduciary role and in reducing your exposure to
personal liability. Key elements of the Program:
- Review and recommendations for optimization of plan
governance structure
- Implementation of recommended plan fiduciary
structure
- Designation of ERISA Compliance Officer where
appropriate
- Review and preparation of documentation for
fiduciaries
- Initial and yearly plan audits and assistance with
self-audits
- Assistance in developing "prudent practices and
procedures"
- Assistance in education and training of fiduciaries
- Ongoing independent advice to fiduciaries as issues
arise
- Development of risk management tools including
proper delegation of fiduciaries duties and review of
terms of the fiduciary liability policy.
Ms. Grenier may also assist you in determining whether or
not you are a fiduciary under ERISA. Generally speaking,
ERISA defines a fiduciary as a person who exercises or has
any discretionary authority or control over the management
or administration of an employee benefit plan or its assets.
However, the test is a functional one so that you may be
deemed to be a fiduciary of a plan solely by virtue of the
functions you perform with respect to the plan, regardless
of whether or not you have been formally appointed as a
fiduciary.
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