Your client has the responsibility as a fiduciary to manage a company’s retirement plan on behalf of plan holders and their beneficiaries. Recently a few employees have joined forces to accuse him of mishandling his duties, which may lead to legal action. Your client...
Economic Rights
Understanding the rights and responsibilities of a fiduciary
A fiduciary is an attorney, professional or firm who works on behalf of someone else's best financial or legal interests. This organization or person must uphold ethical and legal responsibilities, act in good faith and preserve the client's trust. Review the common...
What is a fiduciary and what roles do they perform?
A fiduciary can be a person or entity that has the authority to act on behalf of another person in situations that demand trust, honesty and loyalty. But more than that, fiduciaries are legally obligated to act in the best interests of the people they represent. It’s...
Outside representation may help fulfill your fiduciary duty
As an attorney, you fill a very important and specific role in the lives of your clients. They depend on you to have experience and knowledge in handling cases like the one they have brought to you. Attorneys can build their careers around a tiny niche area of the...
You can sue your 401(k) provider for charging excessive fees
If you are like many people, your 401(k) is a big part of your retirement plan. You diligently allocate money towards it each month and look forward to the day when your hard work and dedication pay off.Of course, you recognize that there are risks involved with a...