Posts Tagged: plan sponsor

A Request for Proposal (RFP) does more than help a plan sponsor select service providers for different aspects of their plan. RFPs also help meet the requirements under ERISA §404(a)(1), to act in the best interests of the plan participants and to document the methodology used to establish a process…

Every year when Valentine’s Day comes around, we spend time thinking about how much our loved ones mean to us. We also spend a lot of money to show them how valuable their love is to us: more than $1 billion on candy and sweets; nearly $2 billion on flowers,…

Retirement plan rule changes often don’t make waves beyond our corner of the business world, but in 2015 they made national headlines. The problem of excessive fees for retirement plan investments and advice garnered more attention last year, not only with the pending rule changes around fiduciary responsibilities but also…

As a plan sponsor, it’s easy to get wrapped up in the mechanics of running your plan—from monitoring performance and transactions, to keeping your plan compliant with Department of Labor (DOL) and ERISA regulations. While these day-to-day activities demand attention, you can’t lose sight of your primary fiduciary responsibility—managing the…

“Fee-fi-fo-fum!” roars the giant. You may not be afraid of giants or believe in fairy tales anymore, but that phrase still holds plenty of lessons if you serve as a fiduciary to your employees’ retirement plan. And, if you slip up on your fiduciary role, you may have plenty to…