Fiduciary Risk Management
We begin by staying abreast of legislative and regulatory changes. We review your committee charter that delegates fiduciary responsibility from your board of directors; then we establish fiduciary best practices for your plan. We create a checklist to match against responsibilities set out in your IPS, maintain plan documents and meeting minutes, and establish a fiduciary audit file. At all times we maintain compliance with ERISA and with the Universal Fiduciary Standards of Care.