ERISA Benefits Law attorney Erwin Kratz was a panelist on “ERISA Principles That Every Plan Fiduciary Needs to Know”, presented by Wellspring Financial Partners on February 19, 2020. Erwin joined Eric Dyson of Wellspring, who discussed the four main fiduciary duties – the duties of Loyalty, of Prudence, to Diversify Plan Assets and to Follow the Plan Documents.
Erwin then provided practical tips for fiduciary compliance by discussing four points of impact when the “fiduciary rubber” most frequently hits the road:
- When Restating your Plan
- Top Three Mistakes a Committee Can Make
- How to be a Good Committee Member; and
- Working with your Non-Fiduciary Administrative Staff
View the YouTube video here:
And download a copy of the PowerPoint Presentation here: