Part I-Fiduciary Responsibilities

The fiduciary responsibilities of a 401k plan sponsor on their face seem pretty straight forward. The U.S. Department of Labor lists the essential elements. 

Each plan has certain key elements. These include: 

• A written plan that describes the benefit structure and guides day-to-day operations;
• A trust fund to hold the plan’s assets1;
•  A recordkeeping system to track the flow of monies going to and from the retirement plan; and
• Documents to provide plan information to employees participating in the plan and to the government.

Meeting Your Fiduciary Repsonsibilities

Fiduciary Evaluation

Organizing Your Fiduciary File