NEWS

2012-05-24 :: Terminated Employees - A threat to a plan sponsor's Fiduciary responsibility

As a retirement plan sponsor or trustee, you may be maintaining accounts that belong to terminated employees. Not only do these accounts drive up plan expenses, but they may also expose you to unnecessary liability and regulatory scrutiny.

There is no cost to implement this program, and the benefits of doing so are:

• Eliminate from your current retirement program former employees that contribute to increased plan cost.
• Minimize the likelihood of legal action as former employees are more likely to pursue recourse.

 For immediate solutions, please call me directly at 203-210-7814.

Please click on Granite Group Terminated Employees solution to learn more.