A plan sponsor’s personal liability
A recent seminar focusing on fiduciary responsibilities as they pertain to company retirement plans was so well-received we thought it would be a good idea to share this information with our clients and friends. As plan sponsors are aware, performing certain duties within the company retirement plan renders the plan sponsor personally liable. Understanding that often leaves plan sponsors wondering what steps should be taken to properly manage that liability.
Over the past several months, clients have been asking a lot of questions relating to fixed income yields. Here is just a sample of what they’re asking:
June 28, 2010 12:56:00 PM
The Alternative Minimum Tax originally took effect in 1970 as a separate tax system built around the notion that high-income individuals should pay a minimum amount of tax, even if they qualify for tax benefits that would otherwise allow them to pay less. For most of you, the 2009 tax season has come and gone and you may have already had to deal with the AMT nightmare. But for those who have yet to pay 2009 taxes, the Alternative Minimum Tax may still be waiting for you. For most of you, the 2009 tax season has come and gone and you may have already had to deal with the AMT nightmare. But for those who have yet to pay 2009 taxes, the Alternative Minimum Tax may still be waiting for you.
Recently, I met with prospective clients to discuss their financial goals and objectives, as well as the many services Moneta Group could offer them. One of their primary concerns was an emphasis on working with an advisor they could “trust” and who they felt was “competent.” These were simple requirements, I thought. In fact, I wondered why they even needed to be discussed. Clearly, anyone seeking financial advice would have the expectation that the person they are entrusting with their family’s financial future would act only in their best interests.