Fiduciary Governance

DCAdvisors is committed to providing training and support for plan sponsors and their retirement plan committees, giving them the structure and established procedures to more effectively administer their retirement plan.

The extensive training program is customized to each client situation, and may include:

• The Employee Retirement Income Security Act (ERISA) legislation and how it relates to the retirement plan oversight
• Fiduciary fundamentals
• A review of fiduciary committee processes and procedures
• A review of existing documents – resolutions, charters, vendor service agreements and the investment policy statement – explaining their relationship to effective retirement plan management and providing recommendations on changes as necessary
• Strategies for managing fiduciary liability
• Examples of ERISA litigation and case studies

In brief, fiduciary training enables your planning committee to stay current on practices and issues facing retirement plan sponsors, empowering them to make recommendations and decisions that are in the best interests of both your organization and employee plan participants.

During our ongoing investment committee meetings, you can expect to receive information on retirement plan issues that should be at the forefront of plan fiduciaries’ minds. Ongoing education for your committee is critical for effective retirement plan oversight.

With the necessary fiduciary knowledge in hand, a benchmarking assessment then enables your planning committee to make adjustments as necessary, assuring optimal results for your retirement program.