As an individual fiduciary you must first
understand your benefit plan responsibilities to be able
to fulfill them.
Benefit Plans Plus trains individuals, whether incumbent
or newly appointed, in basic ERISA fiduciary principles
to enable them to fulfill their duties and operate more
effectively.
This training focuses not on risk management but directly
on the interests of plan participants and beneficiaries.
Advanced training to reinforce these principles is available
for more experienced fiduciaries.
What is the process?
We believe a formalized training program provides the framework
for improved fiduciary decision making. A Custom Fiduciary
CharterSM by Benefit Plans Plus provides each client with
fiduciary tools designed to improve their performance and
fulfill their legal obligations to plan participants. The
training process may include the following:
Basic Training
Our goal is to make newly appointed trustees aware of basic
fiduciary concepts and principles.
Advanced Training
Leading edge training designed to reinforce earlier training,
re-emphasize general fiduciary principles and describe
expected behaviors. Additionally, we will design and
provide training on subjects, as determined by you to
meet specific needs or identified weaknesses.
Who needs fiduciary training?
Fiduciary training is appropriate and necessary for directors,
boards of trustees, ERISA trustees, financial advisors, administrative
and investment fiduciaries to introduce them to fiduciary principles
and to reinforce these principles on an ongoing basis.
Why should I engage Benefit
Plans Plus?
Fiduciaries must understand and fulfill their fiduciary
duty. Recent increases in governmental scrutiny and ERISA
litigation confirm this. Our Fiduciary Services unit, in
alliance with nationally recognized partners, delivers services
focused on your plan participants’ needs and to help
you minimize future problems or violations.
What else should I consider?
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