Each year the U.S. Department Labor finds approximately 70% of the retirement plans they investigate to be out of compliance and in violation of the Federal Regulations that govern retirement plans. In addition, theft of retirement plan assets are at an all time high. As a fiduciary you can substantially mitigate those risks. ERISA SMART is a firm owned and operated by Department of Labor Investigators and industry experts in plan governance and cybersecurity threats that face your plan everyday. As a fiduciary you are held liable for these risks but can substantially mitigate those risks by delegating other entities to assume the liability.
Thousands of hours each year are spent by employers managing the day to day administrative tasks of their retirement plans. Per the Department of Labor there is only 30% success rate in completing these tasks correctly. Outsourcing these duties to a third party such as ERISA SMART will allow you to dedicate those hours to business activities and growth.
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