Fiduciary Support
Plan Sponsors, Administrators, and Trustees are identified by ERISA as having fiduciary responsibilities. The duty is to act in the best interest of plan participants the beneficiaries. ERISA permits outsourcing many duties that can help with these responsibilities.
- Initially, Larmann Financial will conduct a Fiduciary Diagnostic on your plan that will be used to identify any potential existing gaps pertaining to your fiduciary responsibilities. Your plan’s Fiduciary Diagnostic is then reviewed and updated on a regular basis to identify upcoming plan management responsibilities and to documents when required tasks are completed. Our Fiduciary Education Modules provide the necessary resources to help inform and educate team members regarding ERISA’s fiduciary requirements.
- Partial list of Fiduciary Education Module:
- Fiduciary Responsibilities
- Fiduciary Liabilities
- Selecting Service Providers
- Fees & Expenses
- Selecting Investments
- Maintaining Your Fiduciary File
- Retirement Times Newsletter
- Monthly plan sponsor newsletter keep clients abreast on the latest retirement plan news, legislative updates, and industry trends.
- Contributing writers and editors represent a staff of one dozen professionals with an average industry tenure of over ten years.
You May Find These of Interest:
Cybersecurity and Your Retirement Plan. Are Your Participants at RIsk?
Evaluating Your Plan and Fees Think More Not Less
Understanding Fees and Avoiding Fee-Based Litigation
Evaluating Your Target Date Series
It's That Time Again. . .Back-to-School for Fiduciaries
Allowable Plan Fees: Can the Plan Pay?
What Happens When You Deposit Employee Deferrals Late
What Constitutes Proper Documentation of Retirement Plan Committee Meetings?
Why You Need to Communicate With Employees
Beware of the IRS and DOL: Four Red Flags They Seek on Form 5500
Why CFO's Should Consider Partnering With a Retirement Plan Advisor
Top Ten Fiduciary Responsibilities
The Top Three Reasons to Outsource Fiduciary Services
Records and Their Expiration Dates
How and When to Pay Plan Expenses from Plan Assets
3(38) or 3(21): Which Fiduciary Service Is Right for You?
Retirement Plan Governance Summary
Hey Joel! - What are the risks for late 5500 filings?
Plan Fiduciaries And Their Responsibilities
Don't Let Your Retirement Plan Turn From Benefit To Liability
Last reviewed 6/1/2022
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