The Importance Of Fiduciary Training

What does it mean to be a member of your company’s retirement plan committee? It probably means that you are intelligent and dependable and your CEO values your contributions. Your company leadership believes you are trustworthy, enough so to give you control over something as important as their retirement plan. It also means that you are now a fiduciary. Being a fiduciary is a legal responsibility that you automatically take on when you become a committee member. However, do you and the other committee members even know what a fiduciary is? Read on to learn key factors that are typically included in fiduciary training.

Do You Think It Might Be Time To Change Your 401(k) Provider?

You’ve taken the leap to offer a 401(k) plan for your employees. It’s an added expense and takes administrative hours, but you know that it is well worth the increase in employee well-being and the benefits it provides in recruiting.

But how is your 401(k) doing? Is it everything you dreamed it would be, or are you still unsatisfied? If the customer service, fees, or investment performance are leaving you unsettled, it might be time to change your 401(k) provider.