Outsourcing Your Fiduciary Liability for Participant Investment Losses
The transfer of your liabilty is accomplished by delegating to the newly appointed investment manager
the following authority:
- Selecting plan investment options
- Monitoring plan investment options
- Reducing plan investment risk
- Reducing plan investment costs
This is done by signing an investment advisory contract with the newly appointed manager who acknowledges in writing his
fiduciary responsibilities (those above) to your plan.
In addition, if there is not already one in place, the manager will create an Investment Policy Statement for your plan.
Contact Brightscape to discuss how we can help you to reduce your ERISA liability.
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