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) was enacted more than 40 years ago, fiduciaries of employee benefit plans have been held personally liable for a breach of their obligations. Yet many fiduciaries are unaware of this liability, and sometimes that's because they simply don't know they are considered fiduciaries.

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