Fiduciary Audit Package

401k Advisors Utah, a National Retirement Partners member firm, offers plan sponsor fiduciaries extensive protection against fiduciary liability. Unlike many competitors, we are willing to provide investment advice to qualified plans and will acknowledge our fiduciary status in that regard, as required by ERISA. In addition, we can assist plans in meeting their other duties to participants through effective committee training, participant education, and electronic data storage.

Fiduciary Oversight

Plan sponsors wear many professional hats. And while they may spend the least amount of their time on retirement plan issues, their fiduciary role possesses a significant amount of personal risk in the corporate arena. Inundated with primary job functions, finance and human resources executives lament their lack of time and tools to fulfill their fiduciary accountabilities, with a high level of assurance and protection. This uncertainty is the main cause of their concern towards their personal liability as a fiduciary.

To meet this void, 401k Advisors Utah, a National Retirement Partners member firm, offers a fiduciary oversight program that promotes excellence in plan management through independent governance and monitoring. 401k Advisors Utah, a National Retirement Partners member firm, offers the fiduciary oversight program to its member advisors' plan sponsor clients.

401k Advisors Utah can help plan sponsors meet their fiduciary duties and ease their anxiety by showing them how to:

Demonstrate prudence through a document trail;
Understand the key factors around investment management decision making;
Adhere to the plan document and the committees' investment strategies;
Avoid conflicts of interest;
Monitor service providers according to the new global benchmarks of fiduciary excellence.

Why plan sponsors use our fiduciary oversight program:

Easy to Use

401k Advisors will specifically detail the services it will provide to the plan sponsors in a written agreement. This level of transparency will save plan sponsors time and money while they gain access to the tools and services we can provide to help them meet their fiduciary responsibilities.

Document Decisions

Managed within a protected fiduciary document solution, investment committees can demonstrate ERISA’s prudence requirements through a documented trail of informed decisions. With a point and click, fiduciaries can evidence their investment rationale and map key decisions to the plan’s guiding documents.

Continuity of Conduct

We can assist plan sponsors in ensuring continuity when new members are brought into the investment committee by documenting past decisions and training new members on their roles and responsibilities.

Clarify Roles and Responsibilities