Benefit Plans Plus believes the most important step in fiduciary compliance is to formally establish properly designed processes and procedures.

While there are no guarantees, we believe fiduciaries can best succeed by maintaining a singular focus on the best interests of plan participants and beneficiaries.

Experience tells us that governing agencies, before evaluating any specific conduct, almost invariably begin their investigations by first reviewing fiduciary structure, process, and procedures. Appropriate structuring and governance will limit potential problems.

Fiduciary Structuring
Benefit Plans Plus will design a structure and establish processes focused on correctly and efficiently serving the best interests of your plan participants and beneficiaries. Design and implementation follow a thorough review of governing instruments and applicable laws in each individual case.

Fiduciary Governance
Once the proper structure has been established, it is necessary to monitor the conduct of incumbent fiduciaries’ conduct to ensure that they comply with procedures and processes.

We work with your fiduciaries and staff to explain the importance of complying and potential liabilities (personal and organizational) for failing to do so. We will design tools, as well as training in using them, to ensure ongoing compliance.

Who needs fiduciary structuring and governance?

Any individual or group fiduciary required to meet duties imposed by the Employee Retirement and Income Security Act (ERISA), the Internal Revenue Code or general fiduciary law can benefit from our assistance. Specific candidates include trustees and fiduciaries for qualified plans, Taft-Hartley plans, foundations, charitable organizations and endowments.