Asking the Right Questions to Ensure Intentional Fiduciary Roles
Plan sponsors need to carefully identify who its plan fiduciaries are and make sure those fiduciaries are aware of their role, properly trained and effectively monitored in the exercise of their increasingly complex role. The following guide will help you determine whether you have effectively determined and implemented your retirement plan oversight roles in ways that can improve the management of your fiduciary risk exposures.
Asking the Right Questions to Ensure Seriously Good Retirement Plan Governance
Do you have a robust and radically effective plan governance process? Answer this questionnaire to help you determine whether you have effectively designed and implemented your retirement plan oversight functions in ways that can vastly improve the proper functioning of your plan and limit your risk exposure.
The Case for Greater Compatibility
Environmental, social and governance (“ESG”) investing is growing in its understanding, acceptance and usage in the retirement plan industry. While considering the use of these strategies, it is an important part of plan fiduciary oversight to assess them thoughtfully and consistent with ERISA’s fiduciary requirements.
Meeting the Challenges of Effective Implementation and Oversight
No longer a new concept, the Outsourced Chief Investment Officer (OCIO) model has become a way of life to many endowments and foundations globally. Properly implemented, outsourcing an investment program’s oversight can help a not-for-profit organization address a lack of internal resources, risk management challenges, the need for timely decision making, portfolio complexity and on-going pressure of cost reduction.
New laws, new regulations and additional requirements have been appended to retirement plans. But one constant has been the role of the fiduciary, and the obligation to put the best interests of participants first. One of the most important fiduciary responsibilities is to understand the services being provided and ensure that the fees being charged to the plan are reasonable.