Fiduciary Services

Offering a retirement plan can be one of the most challenging, yet rewarding, decisions you can make. Administering the plan and managing its assets require certain actions and involve specific responsibilities. It is extremely important to understand some important rules, specifically the Employee Retirement Income Security Act (ERISA). ERISA sets standards of conduct for you, fiduciary rules, while managing your Retirement Plan and its assets. We will be with you every step of the way to guide you through the fiduciary responsibilities and rules you inherit as a result of having a retirement plan. 

The most significant thing a Fiduciary can do is to implement and follow a process that documents the steps and defines the primary reasons a decision is made.

The key to reducing your risk is to understand the myriad of rules established by ERISA and to systematically adopt processes and procedures that satisfy compliance with these rules. It is imperative that individuals involved with the operational aspects of your Plan and those individuals selected to share responsibility with the decisions of the Plan understand ERISA requirements.