Fiduciary Fitness Program
Module 1
Fiduciary Duties and Responsibilities
Our first education module, Fiduciary Duties and Responsibilities, covers essential topics to help you navigate your fiduciary role effectively. From understanding fiduciary duties and responsibilities under ERISA to identifying who is considered a fiduciary, this module equips you with the knowledge needed for prudent governance.
Learn who is considered a fiduciary, the roles they play, and what documentation you should have in your fiduciary file.
Learn about the role as a plan trustee, third party fiduciaries, prohibited individuals, and the responsibilities and duties that fiduciaries must follow.
Learn about fiduciary responsibilities and duties as it relates directly to retirement plans.
Learn about reporting and disclosure requirements and fidelity bonds.
Module 2
Strategies to Help Minimize Fiduciary Liability
Module 2 outlines Strategies to Help Minimize Fiduciary Liability. Fiduciaries are subject to various forms of liability. Learn about ways to minimize your fiduciary liability.
Learn the various forms of liability fiduciaries are subject to.
Learn action steps that can help minimize fiduciary liability.
Module 3
Selecting and Monitoring Service Providers
As we delve into Module 3 of our fiduciary education series, it’s crucial to underscore the paramount importance of Selecting and Monitoring Service Providers within your retirement plan. This responsibility is not just a fiduciary duty but a cornerstone of ensuring the plan’s integrity and compliance with ERISA guidelines.
Fiduciary Responsibilities in Selecting and Monitoring Service Providers.
Procedural Best Practices for Engagement.
Module 4
Selecting and Monitoring Investments
Module 4 underscores the importance of exercising prudence and diligence when Selecting Investment Options. It emphasizes the need for careful consideration of investment alternatives, diversification, and cost-effectiveness to align with plan objectives and participant needs. We will explore best practices to ensure that your investment menu remains robust and compliant with ERISA standards.
Emphasizes prudent investment selection, diversification, and adherence to the Investment Policy Statement (IPS). Explores the benefits of using independent third-party experts and the risks of relying on non-independent advisors in investment decisions.
Discusses the Duty of Loyalty and evaluating investments based on pecuniary non-pecuniary factors. The topic of ESG investing is introduced.
Continues discussion of ESG investing and the key challenges for fiduciaries.
Next module coming soon, contact Scott or Julia to be added to the announcement for the module releases.
SCOTT HIGGINS
AIF®, CFP®, CPFA® | Financial Advisor
Since 2012 at Rose Street, Scott has been responsible for helping the firm’s individual wealth management clients with income strategies for retirement and consulting with employers with their employee retirement plans. In free time, he enjoys golf, biking, skiing, cooking, and traveling. Fun fact, Scott has a hobby of filling growlers with coins!
JULIA SANDERS
AIF®, CPFA® | Retirement Relationship Manager
Meet Julia, a people-focused life-long learner with several years of experience in the retirement plan industry. Throughout her career, Julia has been committed to maintaining strong client relationships by providing incredible customer service. She is passionate about helping clients define and plan for their retirement goals. Julia’s daily role at the firm energizes and reinforces her commitment to client-focused work.
Interested in more?
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