Financial risk is hard enough to manage when you're aware of it.When you're not – hold on to your wallet.
Since the Employee Retirement Income Security Act (ERISA) wasenacted more than 40 years ago, fiduciaries of employee benefitplans have been held personally liable for a breach oftheir obligations. Yet many fiduciaries are unaware of thisliability, and sometimes that's because they simply don't know theyare considered fiduciaries.
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