Under the Employee Retirement Income Security Act (ERISA), Section 404(c) offers retirement plan sponsors a crucial safe harbor—but only if they meet the necessary requirements. This protection shields fiduciaries from liability for investment outcomes as long as plan participants are given sufficient control and information over their investment choices.

Effective October 29, 2025, the prime interest rate was lowered from 7.25 percent to 7.00 percent.

Effective September 17, 2025, the prime interest rate decreased to 7.25 percent. The prime interest rate is largely determined by the federal funds rate, as set by the Federal Reserve’s Federal Open Market Committee (FOMC).

The IRS has posted 2025 tax year draft Form 4972, Tax on Lump-Sum Distributions (From Qualified Plans of Participants Born Before January 2, 1936).

Learn about the many responsibilities of retirement plan fiduciaries and how fiduciary consultants can help companies manage their plans and remain compliant with legal requirements.