Fiduciary Education and Consulting

Our experience tells us that many companies that sponsor retirement plans do not understand their fiduciary responsibilities and are therefore unaware of their liability under ERISA’s “prudent person” rule.

First, we work to help our clients understand what it means to be a fiduciary and what requirements the Department of Labor expects them to meet. We then implement and document processes in all areas of the plan in order to minimize excess liability. We maintain a Fiduciary File for our clients which serves as storage and retrieval for audit and fiduciary documentation relating to the plan.