Rising Need for ERISA Fiduciary Liability for TPAs

NAPLIA, in partnership with Marcia Wagner of The Wagner Law Group, has produced a topical White Paper:

Includes information on how TPAs may be deemed fiduciaries under these circumstances:

1. Encouraging heavy reliance on TPA’s Expertise
2. Failing to process benefit payments on a timely basis
3. Providing unsolicited investment advice to plan sponsor
4. Offering investment guidance to participants
5. Improper use of plan funds by TPA