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On Beyond Fiduciary: Effective Plan Governance

and service agreements. Plan officials are faced with analyzing and interpreting numerous documents from multiple entities. By creating a governance process, plan officials can help ensure plan operations are consistent and adhere to fiduciary standards. *Disclaimer: This recording is not eligible for Continuing Education Credits….

CE – 3(16) Fiduciary Outsourcing

and their advisors can address plan administrative complexities, mitigate fiduciary liability, and improve plan outcomes with the help of a professional outsourced 3(16) fiduciary. Attend this course to understand the ins and outs of an outsourced 3(16) fiduciary arrangement, when it makes sense for a…

On Beyond Fiduciary: Effective Plan Governance

…procedures are contained in a series of governing plan documents and service agreements. Plan officials are faced with analyzing and interpreting numerous documents from multiple entities. By creating a governance process, plan officials can help ensure plan operations are consistent and adhere to fiduciary standards….

A Better Path to Plan Compliance

…proactively addressing fiduciary oversight and administrative complexities, advisors can differentiate themselves in a competitive landscape. Offering 3(16) fiduciary services not only enhances their value proposition but also aligns their interests with optimal client outcomes—demonstrating a commitment to fiduciary excellence, regulatory best practices, and placing client…

The Educated 3(16) Fiduciary

Many financial organizations tout the benefits of their ERISA 3(16) fiduciary services and, frankly, many of these messages can sound irresistibly compelling. But buyer beware; not all 3(16) fiduciary services are created equal. In today’s increasingly litigious environment, it is imperative for plan sponsors to…

Proper Oversight Keeps a Plan Running Smoothly

…compliance with retirement plan rules and regulations. Plan Fiduciary Basics Because this is such a pivotal part of maintaining a retirement plan, we often revisit the importance of knowing—and fulfilling—plan sponsors’ fiduciary duties. Black’s Law Dictionary defines “fiduciary” as “one who must exercise a high…

3(16) Fiduciary Services and Why You Should Care

…too, play an investment fiduciary role unless they partially or fully outsource that function to an investment professional. What many of them don’t appear to recognize is that they also wear another important fiduciary hat based on their control and authority over the administration of…

Meet Your Fiduciary Obligations . . . With a Little Help

…the plan sponsor, unless a different plan administrator has been named. But in addition, ERISA Section 3(21) specifically defines a “plan fiduciary” as someone who has discretionary authority or responsibility in the administration of the plan. So, while it is possible—and often preferable—to delegate many…