Have You Done Your Due Diligence?

If you missed the live online education session, you can watch the replay here:

Two key questions are answered: 
1. Who is a fiduciary and what are their responsibilities? 
2. What factors may expose you or your company to preventable liability risks?

At this point almost everyone is aware of the multitude of retirement plan lawsuits filed by employees against their employers for excessive fees and other fiduciary breaches under ERISA. This has all lead to a very turbulent and stressful time for the fiduciaries of retirement plans. This has also brought into question what the future holds for these plans and the investment options within them. Many plan sponsors are trying to determine if their current retirement plan is putting them in jeopardy and what they should focus on when considering other options.

How do fiduciaries identify these risks? Benchmarking is the primary resource fiduciaries have to ensure that their plan fees and investments are in line with the market.

To schedule a free benchmarking of your 403 (b) or 401 (k) plan, contact Jackie Lane at Madison Wealth Managers, jlane@madisonmanagers.com or 888-376-6460 ext. 221.

Three Learning Objectives for this session:
1. Identifying who serves as the plan fiduciary and understanding the full scope of their responsibilities as outlined by the Global Fiduciary Standard of Excellence.
2. Appreciation of the importance of benchmarking your plan fees and investments annually and how this fiduciary due diligence substantially reduces your risk of litigation.
3. Asset Based Fees vs. Commission Based Fee – Understanding the differences amid the uncertainty of the Department of Labor’s fiduciary rule. An in-depth discussion of the significance of this concept with regard to acting as the fiduciary of your organization’s retirement plan.