401(k) Fiduciary Support
Understanding Your Fiduciary Responsibilities
If your business offers a retirement plan, you may have legal responsibilities to act in the best interests of plan participants and beneficiaries.
Schedule a 401(k) ReviewWhat It Means
Fiduciary Responsibility Requires a Prudent Process
Fiduciaries are expected to make informed decisions, monitor the plan, review fees, document actions, and keep the plan operating in the best interests of employees.
Key Responsibilities
Areas Every Plan Sponsor Should Understand
Act in Participants’ Best Interests
Plan decisions should prioritize the financial well-being of participants and beneficiaries.
Make Prudent Decisions
Fiduciaries should use a thoughtful, informed, and documented decision-making process.
Review Investments
Investment options should be monitored regularly and evaluated against the plan’s objectives.
Monitor Fees
Plan fees and provider costs should be reviewed to help determine whether they are reasonable.
Document Decisions
Keeping records helps show that decisions were made through a prudent process.
Support Employees
Participant education can help employees better understand their retirement savings choices.
How We Help
Fiduciary Support for Business Owners
Our Process
A Clearer Way to Manage Plan Oversight
Review
We review your current plan structure, providers, fees, and investment lineup.
Identify
We identify areas where the plan may need stronger documentation, monitoring, or support.
Support
We help you maintain a more organized and thoughtful plan review process over time.
Need Help Understanding Your Fiduciary Role?
Our team can help you review your 401(k) plan and better understand the responsibilities that come with offering a retirement plan.
Schedule a 401(k) Review610-973-5334