Fiduciaries are considered an integral part of a retirement plan. They hold very important responsibilities and must adhere to specific best practices, or else they can be held personally liable. As a plan sponsor you are a fiduciary, and as a 3(38) investment manager, we are a fiduciary, but who else is considered a fiduciary on your retirement plan, and what does it all mean?
Our 5-minute podcast on this topic can be found by clicking on the following link:
If you or your team would like further guidance on fiduciary responsibilities, DirectAdvisors has put together a training that can help ensure you’re following appropriate guidelines.
To set up a time to conduct this training, or simply just ask questions on your fiduciary requirements and best practices, contact DirectAdvisors by phone at 518-362-2119 or by e-mail at [email protected].