10 Strategies to Optimize Fiduciary Oversight

The cornerstone of a great retirement plan while managing corporate liability begins and ends with comprehensive fiduciary oversight. Here are 10 strategies to optimize your governance process.

 

  1.  Formalize your retirement plan committee
  2.  Create a committee charter
  3.  Provide formal fiduciary training
  4.  Hire an experienced fiduciary advisor that has a track record of specializing in corporate retirement
  5.  Take meeting minutes
  6.  Utilize a fiduciary file
  7.  Conduct regular committee meetings
  8.  Schedule meetings at the beginning of the year
  9.  Purchase fiduciary liability insurance
  10.  Benchmark your plan every 1-2 years
Looking for more?

We are dedicated to helping our clients develop benefit plans that fit the needs of the business owner, focus on company goals, and help employees feel confident in their financial future. For more information on our retirement consulting services along with our (k)larity @ Work™ financial wellness programs check us out at www.greenspringadvisors.com or give us a call at 443-564-4600.

Information contained herein has been obtained from sources considered reliable, but its accuracy and completeness are not guaranteed. It is not intended as the primary basis for financial planning or investment decisions and should not be construed as advice meeting the particular investment needs of any investor. This material has been prepared for information purposes only and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Past performance is no guarantee of future results.

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