Erisa Fiduciary Services
Financial Services, Melville, New York, United States, 11-50 Employees
Phone Number: +17*********
Who is ERISA FIDUCIARY SERVICES
By sponsoring a retirement plan, your company is liable for the plans operations. That liability filters down personally to all owners, officers, and employees who control the plan. These...
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Headquarters: Melville, New York, United States
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Date Founded: 2014
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Employees: 11-50
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Revenue: $250 Million to $500 Million
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Active Tech Stack: See technologies
Industry: Financial Services
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Frequently Asked Questions Regarding ERISA Fiduciary Services
Answer: ERISA Fiduciary Services's headquarters are located at Melville, New York, United States
Answer: ERISA Fiduciary Services's phone number is +17*********
Answer: ERISA Fiduciary Services's official website is https://erisafiduciaryservices.com
Answer: ERISA Fiduciary Services's revenue is $250 Million to $500 Million
Answer: ERISA Fiduciary Services has 11-50 employees
Answer: ERISA Fiduciary Services is in Financial Services
Answer: ERISA Fiduciary Services top competitors include: Retirement Plan Analytics , Servant Solutions , Texas Precious Metals
Answer: ERISA Fiduciary Services contact info: Phone number: +17********* Website: https://erisafiduciaryservices.com
Answer: By sponsoring a retirement plan, your company is liable for the plans operations. That liability filters down personally to all owners, officers, and employees who control the plan. These individuals become personally liable for the plans operations. This is true even if these individuals arent aware of or didnt agree to assume such liability. Our firm eliminates your personal liability in two ways: By acting as Named Fiduciary for your plan By acting as Plan Administrator for your plan Every plan must have a Named Fiduciary who is responsible by law for everything that goes on with the plan. In addition, every plan must have a Plan Administrator who is responsible by law for signing and filing all tax forms and for making all required disclosures to participants. Most plan sponsors act as both Named Fiduciary and Plan Administrator for their plans and aren't even aware of it. Failures in these areas can subject you to taxes, penalties, and interest, loss of your plans favorable tax status, and personal liability for any losses. By assuming these roles, our firm eliminates your personal liability Maintaining the plans tax qualified status and making sure it operates according to the plan terms. Signing the 5500 Form and being responsible for its content and for any errors and penalties. Fiduciary oversight of the plans investments. Making sure all participant disclosures get prepared and distributed. Monitoring and benchmarking all providers. Establishing and documenting formal review procedures for use on audit. We dont require replacement of any your current plan providers We eliminate liability for you and your officers and employees Your personal liability is shifted to experts specifically dedicated to the plan on a fiduciary basis
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