News & Insights

How Successful Plan Sponsors Address Basic Responsibilities and Standards

Basic Fiduciary Responsibilities and Standards Prudence and Process – the Two Pr’s The ERISA application of fiduciary duty and prudence is much more stringent than the common law understanding. An ERISA fiduciary must act as a prudent expert in his or her applicable area of discretion over the plan – using the care, skill, prudence, … Continue reading How Successful Plan Sponsors Address Basic Responsibilities and Standards

How Successful Plan Sponsors Identify Plan’s Fiduciaries

Identifying Your Plan’s Fiduciaries The Employee Retirement Income Security Act of 1974 (ERISA) has a clear set of responsibilities and duties for those individuals and entities who act as plan fiduciaries.  It is important that plan sponsors and fiduciaries take these requirements seriously and understand their own responsibilities as well as those of the other … Continue reading How Successful Plan Sponsors Identify Plan’s Fiduciaries

Fee Benchmarking Made Easy

A topic that we get asked about a lot is how to understand the true cost of a retirement plan, and then how to compare that cost to the market.  This is not just a “nice to know” kind of thing; it is fundamental to the role of a plan fiduciary under ERISA. Why should … Continue reading Fee Benchmarking Made Easy