Fiduciaries

“It is amazing that almost 44 years after ERISA became law that an An Alliance Bernstein (AB) LP (AB) survey asked 1,000 DC executives if they were fiduciaries: 49% said no, and 6% didn’t know. Based on their duties, all were fiduciaries. Even 48% of the executives from plans with assets of $500 million or more thought they were not fiduciaries. Are your Health plan fiduciaries aware?” – Vincent Flores

Vincent Flores, President Co Founder of AVYM Corporation, Vice President Co Founder of YF Corporation

www.pionline.com/article/20180219/PRINT/180219902/no-excuse-for-fiduciary-ignorance