Los Angeles partner Fred Reish was quoted in a PLANADVISER article titled, “Liability Protection for Plan Sponsors.”

The article discusses the different safety measures that advisers should take when running a retirement plan.

Fred mentions how automatically enrolling participants into a default investment alternative is a beneficial step that all sponsors and advisers should consider, especially because of the protection it provides from the fiduciary safe harbor rule.

“One of the biggest steps that a plan sponsor can take to insulate the company and its officers from fiduciary liability is to automatically enroll their 401(k) plan,” Reish says.

Read, “Liability Protection for Plan Sponsors” here.