Do your retirement plan committee members have a thorough understanding of their fiduciary obligations? In a recent court case involving the retirement plans offered at New York University, the court found that certain committee members were not fully aware of their obligations as Fiduciaries. At Innovative Benefit Planning, we assist our clients with the establishment of their plan governance structure. This includes the establishment of committee by-laws, written acknowledgment of their role as a committee member, fiduciary training either online or in person, updates on regulatory matters and current litigation involving plan operations.
For a more detailed discussion of your plan governance needs, please contact 888-427-7383.