Fiduciary Responsibility

Fiduciary Responsibility

As a plan sponsor, your company has a fiduciary duty to act prudently and solely in the best interests of plan participants and their beneficiaries. This duty represents the highest standard of care under the law. It includes:

Many employers question whether their company is truly meeting these obligations, or even how to measure success. Are your service providers and advisers meeting fiduciary standards? Are your plan Trustees equipped to carry out their responsibilities? Is your plan compliant with disclosure and reporting requirements?

If your organization lacks in-house expertise in retirement plan management or investments, engaging a qualified fiduciary adviser can help protect your company and its leadership while enhancing the value of your employees’ retirement benefits.

For more information on meeting your fiduciary responsibilities, go to:
Meeting Your Fiduciary Responsibilities – U.S. Department of Labor