The Fiduciary Duties of 457(b) Defined Contribution Plan Sponsors

June 02, 2017 | Kweku Obed, CFA, CAIA, Managing Director, Ben Mohr, CFA, Director of Fixed Income

This article offers governance best practices for public sector plan sponsors to consider. The fiduciary duties imposed on state and local government employers come from each state’s own laws, whether they be state constitutional law, state statutory law that has been enacted by each state’s legislative bodies, or common law, which is based on precedents from the body of judicial decisions.

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Kweku Obed, CFA, CAIA
Managing Director

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Ben Mohr, CFA
Director of Fixed Income

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