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Lunch & Learn: Dangers of 401(k) Liability for Small Business Owners
Date and Time
Thursday Mar 29, 2018
12:00 PM - 1:00 PM CDT12:00pm - 1:00pm, light lunch & soft drinks will be served.
Location
Fountainhead Global - Conference Room
101 West Robert E Lee Blvd, Suite 403
New Orleans, LA 70124Fees/Admission
Please visit our Eventbrite page for tickets:
https://www.eventbrite.com/e/lunch-learn-401k-planning-for-small-business-owners-tickets-43717888381Website
Contact Information
Jaryd Kase
Send EmailDescription
Don't risk your business and personal wealth because of the 401(k) program you chose for your employees.
Your business is growing and you are now able to offer benefits to your hard-working employees like a 401(k) retirement plan. Congratulations! These signs of growth are exciting and may lead to lower employee turnover, but like most other things, it's not as simple as it looks. There are myriad of rules and possibilities for liability that small business owners need to be aware of when they offer a 401(k) plan to their employees.
Todd Villarrubia, Managing Member of Fountainhead Global, invites you to his seminar where he will discuss the often misunderstood aspects of establishing a retirement plan for your business. Todd has been a practicing tax and estate attorney for over two decades, representing thousands of families in protecting their wealth from the government and creditors. He has worked with hundreds of financial planners, CPAs, business succession advisors, and related advisors throughout the United States.
In this lunch & learn seminar, we will discuss:
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Common mistakes that business owners make
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What questions to ask when shopping for a 401(k) plan
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How hidden fees can affect your plan in the long-term
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Ways in which you can reduce your personal exposure to risk if something goes wrong
In general terms, a fiduciary is a person who owes a duty of care and trust to another and must act primarily for the benefit of the other in a particular activity. For retirement plans, the law defines the actions that result in fiduciary duties and the extent of those duties.
With these responsibilities, there is also some potential liability. However, there are actions you can take to demonstrate that you carried out your responsibilities as well as ways to limit your liability.
Even if you hire a financial institution or retirement plan professional to manage your plan, you retain some fiduciary responsibility for the decision to select and keep the service provider.
Be confident that your 401(k) plan is compliant with IRS and DOL policy by remaining vigilant and up-to-date on 401(k) laws and your personal obligations.
A light lunch and soft drinks will be served.
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