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Fiduciary Risk Management
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 Contact us
Wichita
316.266.6574 or
877.305.1864
Denver
303.615.7600 or
800.813.0203 | |
It is essential to not only establish a process, but to also have written documentation supporting compliance with that process. Our fiduciary review meetings encompass both the DOL and ERISA fiduciary checklists, and have a specific agenda, topics, and goal. Meetings, decisions, and action items are documented. We help to ensure that a specific process is being followed so that compliance does not become an issue that cannot be resolved.
One such important issue is compliance with ERISA Section 404(c). If your plan meets these requirements and related regulations, you and other fiduciaries are not liable for retirement plan account losses resulting from participants’ investment decisions. We will help to ensure that your plan provides the elements needed to comply with 404(c) requirements which include:
- A broad and diverse range of investment options
- Frequent opportunities for participants to change how their accounts are invested
- Educational opportunities that provide the information participants need to make informed investment decisions
We also acknowledge in writing that we serve as an ERISA Section 3(21)(A) fiduciary to your plan.
Our team stays abreast of current plan trends and the potential effects of regulatory changes by committing time and resources to continuing education and specialized training. We also strive to keep you up-to-date on industry developments and how they may affect you and your participants so you can make timely, informed decisions. We provide this information to you in a variety of ways, depending upon both the nature of the information and the possible impact to our clients:
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