Case Study
Protection from Investment Loss Liability
1/1 July 2004 BY: PAT BYRNES, MSPA, MAAA, EA Officers, directors, board members, 401(k) Plan committee members, Plan administrators, trustees, investment advisors, and investment managers could be held personally liable for investment losses resulting from participant investment decisions unless the Plan complies with the Employee Retirement Income Security Act (ERISA) Section 404(c). To abate this liability many p