Retirement Plan fiduciaries must understand their fiduciary duties. At times, individual fiduciaries are unaware of their status. Failure to properly fulfill fiduciary obligations can result in personal liability. Benefit Plans Plus assists clients in establishing and maintaining a fiduciary structure and process. We can perform a Fiduciary HealthCheck which typically involves some, or all, of the following steps:
Our final report will help you gauge your plan’s current fiduciary health, identify key areas for improvement and suggest corrective actions. You can’t fix a problem if you don’t know the rules! The Fiduciary Consulting unit of Benefit Plans Plus can help you. We created it to provide the highest levels of experience and expertise available. Our team members have extensive experience in plan design, compliance, recordkeeping, administration, corrections, fiduciary design and processes, and investment policy statement design. Whether designing systems to ensure compliance or assisting fiduciaries in fixing identified problems, our team can be counted on to deliver A Measurable Difference. |
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