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Credit Unions: Make Sure You Know Your Fiduciary

…a 3(16) fiduciary acts as the sole plan administrator, and therefore is responsible for managing the plan’s day-to-day operations. A 3(38) fiduciary can only be a bank, insurance company, or registered investment adviser; here the plan sponsor hands over authority to the 3(38) fiduciary to…

Keeping an Eye on the Ever-Pending Changes to the Fiduciary Standard

…like a good time to revisit the topic and provide some updates. Discussions about changes to the fiduciary standard as applied under the Employee Retirement Income Security Act of 1974 (ERISA) took some five years, with the new fiduciary rule finalized by the U.S. Department…

On Beyond Fiduciary: Effective Plan Governance

and service agreements. Plan officials are faced with analyzing and interpreting numerous documents from multiple entities. By creating a governance process, plan officials can help ensure plan operations are consistent and adhere to fiduciary standards. *Disclaimer: This recording is not eligible for Continuing Education Credits….

On Beyond Fiduciary: Effective Plan Governance

…procedures are contained in a series of governing plan documents and service agreements. Plan officials are faced with analyzing and interpreting numerous documents from multiple entities. By creating a governance process, plan officials can help ensure plan operations are consistent and adhere to fiduciary standards….

3(16) Fiduciary Services and Why You Should Care

…too, play an investment fiduciary role unless they partially or fully outsource that function to an investment professional. What many of them don’t appear to recognize is that they also wear another important fiduciary hat based on their control and authority over the administration of…

Dealing with the DOL and Missing Plan Participants

fiduciary outsourcing — the transfer of legal responsibility for a retirement plan to an institutional fiduciary. Many employers select themselves as the ERISA Named Fiduciary, 3(16) Plan Administrator, and Trustee because they believe there are few other options – but that is not the case….

The Retirement Savings Modernization Act

…Court has affirmed that ERISA’s fiduciary duties are “the highest known to the law.” [Fiduciaries must still select investments through a prudent process, and the bill does not explicitly create a safe harbor from a fiduciary’s legal duties.] In addition, the bill promotes prudent diversification…

What’s Really New About Investment Outsourcing?

…dating their history back to the 1980’s or early 1990s. The OCIO market can involve either a partial outsourcing to external experts of the investment management of certain specialized asset classes (such as private equity or alternatives) or a complete outsourcing to an external manager…

PENTalk™ – The Pentegra Fiduciary Smartpath™

…the role of a plan fiduciary and the responsibilities fiduciaries have to a retirement plan and its participants. The Pentegra Fiduciary SmartPathTM is designed to help you understand your fiduciary responsibilities and corresponding liabilities and offers best practice recommendations and guidance for managing these duties.”…