In today’s increasingly litigious society,
plan sponsors often focus on risk and liability management
principles when designing benefit plan fiduciary structures.
Benefit Plans Plus takes
a different approach by focusing on the responsibilities
to plan participants and beneficiaries.
When might I need a Custom
Fiduciary CharterSM? 
Fiduciaries must act prudently and for the exclusive benefit
of plan participants and beneficiaries.
A Custom Fiduciary CharterSM by Benefit Plans Plus is based
on our philosophy that by focusing solely on its participants,
a plan can implement appropriate training, systems and prudent
processes to meet fiduciary requirements.
Focusing on this legally mandated principle should generate
greater participant satisfaction, enhanced risk management
and improved administration.
What is the process?
We work in partnership with you to identify all plan fiduciaries,
determine obligations and analyze fiduciary systems and processes
to verify compliance.
We then design a Custom Fiduciary CharterSM to
provide a guide for continuous fulfillment of the fiduciary
duty to protect the plan participants and assets.
During our engagement, we may perform the following:
Fiduciary Review
Review systems and procedures to ensure that the plan and
fiduciaries comply with applicable laws and regulations.
Helps you immediately identify, address and contain any
problems.
Fiduciary Governance and Structuring
Design a system and procedures to ensure plan personnel,
operations, meetings and policies satisfy fiduciary standards.
Fiduciary Training
Design and provide basic and advanced training in fiduciary
principles for directors, Boards of Trustees, ERISA and
investment fiduciaries. We will also custom design a curriculum
for your plan and specific needs.
The transfer of knowledge to your personnel will ensure
the ability to maintain prudent fiduciary processes.
Why should I engage Benefit
Plans Plus?
Fiduciaries must recognize their duties and exert their
best efforts to fulfill them. Our highly qualified team,
in alliance with nationally recognized partners, delivers
participant focused services for you.
A Custom Fiduciary CharterSM by Benefit Plans Plus will
make A Measurable Difference™ by helping you identify fiduciary
weaknesses, establish prudent systems and minimize future
problems or violations.
What else should I consider?
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