Do you have any type of responsibility for a 401k plan? Do you sit on a committee that reviews plan investments? Do you have By-Laws and procedures for the committee? Do you conduct periodic reviews of the effectiveness of the organization in meeting its fiduciary responsibilities? Are you aware that you may be considered a fiduciary? Are you aware of your duties and liabilities? Do you understand how to evaluate whether the fees that you pay and your participants pay are considered to be unreasonable? Do you know what the elements of a good Investment Policy Statement (IPS) are? Do you understand the 20 + components of DOL reg 404 c, which can minimize your liability for the investments in your lineup? Do know what the essential measurement standards that should be included in a quarterly monitoring report? Most companies lack a comprehensive Fiduciary Training Plan, even though most need to implement one quickly in response to the increasing level of lawsuit claims.
If any of this made you read further, this educational presentation is for you!
Legislation and case law are showing the importance of having well trained IP/HR committees and fiduciaries to the plan and we’re offering that training!
Our 2 hour training will include:
- A Review of the 22 prudent practices developed by the Center for Fiduciary Studies and the Center for Fiduciary Excellence, and technically reviewed by the American Institute of Certified Public of Accountants, based upon legislation, case law and regulatory opinion letters
- How are they developed?
- What are they?
- What do you need to do to follow them?
- A review of Investment Policy Statements (IPS), monitoring reports, by-laws, etc
- Are you doing what you’re supposed to with each of these things?
- A basic introduction to investment measurement standards or indices that should be considered for inclusion in IPS and Monitoring reports
- Lots of time for answering your specific questions
- A certificate of completion of this educational course to maintain in your committee records
Contact Us:
Please use the form below to arrange and schedule your customized Fiduciary Training for your committee. We prefer to do this training in person where possible. Please let us know a possible date or range of dates so that we can better schedule with you.