Fiduciary Best Practices

Identify Fiduciaries

Helping plan sponsors set up a committee to clearly define and document a process of plan oversight is an effective way to help them limit the liability associated with managing a 401(k) plan.


Section 404(c) of the Employee Retirement Income Security Act (ERISA) provides a safe harbor for fiduciaries related to the investment actions of participants.

Investment Policy Statement (IPS)

As one of the first documents you be asked to provide in a plan audit, we work alongside plan sponsors to create an effective IPS.


Documenting and keeping records of plan activities is a major aspect of plan sponsor protection. “If you don’t document it, you didn’t do it!”


For more information about creating or updating your corporate retirement plan, contact us today.