Fiduciary Audit Package

401k Advisors Intermountain seeks to offer protection for plan sponsor fiduciaries. We are willing to provide investment advice to qualified plans and will acknowledge our fiduciary status in that regard*. In addition, we can assist plans in meeting their other duties to participants through effective committee training, participant education, and electronic data storage assistance.

*We act as fiduciary for advisory relationships.

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 for the plan poses a significant amount of 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 help meet this void, 401k Advisors Intermountain offers a fiduciary oversight program that promotes excellence in plan management through independent guidance and monitoring. 401k Advisors Intermountain offers the fiduciary oversight to its advisors' plan sponsor clients.

401k Advisors Intermountain can help plan sponsors aim to meet their fiduciary duties by showing them how to:

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

Easy to Use

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

Document Assistance

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

We help investment committees align internal responsibilities and benchmark the services of operational platform providers such as administrators, record keepers, custodians, and investment managers.