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Fiduciary Support Services

Plan sponsors have the responsibility of managing plan assets and making decisions that are in the best interests of participants. This process involves identifying, assessing, and working toward mitigating potential risks that could impact the financial security of plan beneficiaries. It is important to conduct thorough research and closely monitor investment options, handle conflicts of interest properly, and comply with regulations like ERISA. By implementing risk management strategies, we can help plan sponsors work toward safeguarding participants' retirement savings, minimizing potential legal liabilities, and creating a culture of accountability that shows a commitment to fulfilling fiduciary duties.

Fiduciary risk management is Part of responsible retirement plan administration.

Fiduciary risk management is Part of responsible retirement plan administration.

Sponsors of qualified retirement plans must comply with a number of legally defined responsibilities under the Employee Retirement Income Security Act of 1974 (ERISA). 

Through a consultative approach we look to assist you with plan goals and objectives, partner with other service providers on your plan, review plan design, and assist with investment selection and monitoring while working toward limiting your fiduciary risk.

We focus on helping you meet your fiduciary responsibilities to your participants by providing the following services:

  • 3(21) Investment Co-Fiduciary Support
  • Assist in the creation of a fiduciary file
  • Review of current plan design
  • Periodic plan benchmarking to ensure fees are reasonable
  • Periodic review of all service providers
  • Assist in helping your plan be "audit ready"

For More Information on Our Fiduciary Support

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