Our fiduciary process outlined below serves as the essential framework for plan sponsors to efficiently oversee their retirement plans. Following this prudent approach not only lessens the personal liability of plan sponsors but also guarantees that decisions align with governing plan documents, prioritize the best interests of employees, and comply with evolving laws and regulations.
Organize
- Establish relationship
- Gather information
- Review fiduciary roles/scope of services
- Benchmark analysis
Formalize
- Collaborate with professional service providers
- Educate on solutions
- Establish IPS
- Finalize provider selection
Monitor
- Monitor plan goals & construction
- Participant education
- Document fiduciary processes
Implement
- Initiate plan with provider
- Manage conversion
- Enrollment
- Service provider coordination