Fiduciary liability extends beyond employee benefits Employers and program administrators commonly ask, “What is fiduciary liability?” IRMI defines fiduciary liability as “the responsibility on trustees, employers, fiduciaries, professional administrators, and the plan itself with respect to errors and omissions (E&O) in the administration of employee benefit programs as imposed by the Employee Retirement Income Security Act (ERISA).” However, fiduciary liability extends beyond employee benefit programs. The importance of fiduciary responsibility in retirement programs is often overlooked. In this blog post, we fill the educational gap, providing essential information on retirement plans and the liability responsibility of trustees, employers, program administrators and fiduciaries. Understanding fiduciary responsibility in retirement programs Retirement programs play a crucial role in ensuring the financial well-being of participants and beneficiaries. However, overseeing