Key Takeaways A 401(k) trustee is legally responsible for safeguarding plan assets and ensuring compliance with ERISA rules. Trustees oversee contributions, monitor investments, and act in the best interest of plan participants. There are two types of trustees: individual trustees (more personal liability) and corporate trustees (professional management, reduced risk). Custodians hold assets and process […] The post 401(k) Trustee: Roles, Responsibilities & How to Choose One appeared first ...
