Retirement Plans require prudent governance. That’s why plan sponsors and fiduciaries have a responsibility to become educated about what they have to do in order to properly administer their company retirement plan to a fiduciary standard of care. Plan sponsors and fiduciaries also have to keep abreast of any new rules and regulations that may impact the way they execute their roles.
We understand that plan sponsors have varying levels of understanding about their roles and responsibilities. We also understand that it can be extremely difficult for plan sponsors to stay on top of all the changes the IRS, the DOL, Congress and the Courts regularly impose on retirement plans and their fiduciaries.
That’s why we developed our Fiduciary Fitness Program.
Our Fiduciary Fitness Program provides a comprehensive, holistic approach to fiduciary best practices. Our curriculum consists of nineteen courses, divided into six major categories:
Fiduciary Basics:
Who is a Fiduciary?
What Are Your Fiduciary Responsibilities?
How to Minimize Liabilities?
How to Maintain Your Fiduciary File
Setting Up & Maintaining Your Plan:
How to Select and Monitor Service Providers
Understanding Fees & Expenses
Understanding Fee Levelization
Plan Investments:
How to Select and Monitor Investments
Investing in Employer Securities & Real Property
Target Date Fund Selection Strategy & Process
Participants:
Your Participant Experience
Plan Compliance and Regulation:
ERISA 404(a) and 404(c) Compliance Overview
Understanding Disclosure and Notice Requirements
Understanding Control Groups
How to Deal with Mergers & Acquisitions
Claims and Appeals Procedures
Exclusion of Employees from Making Elective Contributions
Defense of Marriage Act (DOMA)
Managing Risk:
Finding Missing Participants
Understanding and Managing Prohibited Transactions
