Defined Benefit Plan
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Does the employer have the same fiduciary standards under a defined benefit plan as they do under a defined contribution plan?
Any informed opinions would be greatly appreciated.
Thanks.
[quote=nyhavn17]
Does the employer have the same fiduciary
standards under a defined benefit plan as they do under a defined
contribution plan?
Any informed opinions would be greatly appreciated.
Thanks.
[/quote]Go contact a lawyer who specialises in ERISA law.
[quote=nyhavn17]
Does the employer have the same fiduciary standards under a defined benefit plan as they do under a defined contribution plan?
Any informed opinions would be greatly appreciated.
Thanks.
[/quote]
No, the standards are higher as fiduciaries of DB plans can't take advantage of the safe harbors available in DC plans.
An intersting link on the subject:
http://www.ali-aba.org/aliaba/aliaba_pdf/FREE-VPL0629.pdf