The Importance Of Fiduciary Training

The Importance Of Fiduciary Training

Posted on by Mark OlsenLeave a comment

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.

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Why Your Retirement Consultant Matters

Why Your Retirement Consultant Matters

Posted on by Mark OlsenLeave a comment

The top financial concern for most Americans is not having enough money for retirement. This is a real worry for about ⅔ of workers. As a retirement plan sponsor, you can help combat those fears. Sponsoring a retirement plan is a big responsibility. Are you up to the task? Do you feel that you have the knowledge and expertise to design and run a plan that will maximize participant savings? Most plan sponsors don’t. So they hire a retirement consultant.

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The Importance of Plan Governance

The Importance of Plan Governance

Posted on by Mark OlsenLeave a comment

A 401(k) or other qualified retirement plan is a necessity for many companies who wish to remain competitive and improve employee satisfaction and retirement readiness. Yet because of a business owner’s many other needs and tasks, managing and improving a plan is often pushed off. However, as the plan sponsor, their fiduciary responsibility demands authority and a high level of responsibility that can’t be neglected. This is where the help of a retirement plan consulting firm comes in, providing plan governance to consistently manage the retirement plan to keep it running efficiently and effectively.

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The Key Services a Retirement Plan Consultant Should Provide

The Key Services a Retirement Plan Consultant Should Provide

Posted on by Editorial TeamLeave a comment

A retirement plan consultant plays an important role in your business, helping you follow fiduciary responsibilities, mitigate risk, and provide an appropriate plan based on cost parameters and employee needs. Businesses rely on consultants to provide objective and knowledgeable guidance, advice, and service.

The extent of services provided by retirement plan consultants can vary significantly; therefore, in searching for an advisor, it is best for you to look for the services most optimal for your plan’s specific needs.

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