ERISA Fiduciaries

Do's

1. Do know whether you are a fiduciary.
2. Do know when you are responsible for plan asset management and when you aren't.
3. Do know what the fiduciary standard of conduct is under ERISA.
4. Do act with "procedural prudence."
5. Do take advantage of the program to voluntarily correct ERISA violations.

Don'ts

1. Don't enter into prohibited transactions.
2. Don't violate the rules regarding ERISA fiduciary duties.
3. Don't fail to meet your reporting and disclosure requirements.
4. Don't be late in remitting employee contributions to plans.