How can a corporation minimize fiduciary risk and liability in appointing HGF as a plan’s Investment Named Fiduciary?
ERISA specifically permits fiduciary responsibilities to be allocated among fiduciaries. Plan documents can be amended and specifically identify HFG as the Named Fiduciary for investment management of the plan’s assets. This structure would clearly isolate and assign investment fiduciary responsibilities to HFG.
Related Questions
- What factors should a corporation consider in selecting and hiring HFG as the Investment Named Fiduciary or Independent Fiduciary of a plan?
- With HGF as its Investment Named Fiduciary can a corporation eliminate all its investment fiduciary responsibilities and liabilities?
- Must a corporation amend its plan documents in order to appoint HFG as the Investment Named Fiduciary?
