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Retirement Resources prepared a template for use by plan fiduciaries to help them deliver better results to their plan participants, while tightly managing fiduciary risk. This approach was featured in an article published in the magazine of the Profit Sharing/401k Council of America (PSCA)*. The article reflects our approach to plan management, which focuses upon fulfillment of a fiduciary's dual duties under ERISA: your Duty of Loyalty and your Duty of Care. By lifting your focus to a higher level, many benefits accrue to you and to your participants. After reading about it, you'll probably agree that this approach makes more sense than defensive or reactive plan management.
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*Established in 1947, PSCA is a national, non-profit association of 1,200 companies and their 6 million plan participants. PSCA represents its members' interests to federal policymakers and offers practical, cost-effective assistance with profit sharing and 401(k) plan design, administration, investment, compliance and communication. PSCA's services are tailored to meet the needs of both large and small companies. Members range in size from Fortune 100 firms to small, entrepreneurial businesses. Retirement Resources is a member of PSCA and encourages you to consider the benefits of membership for your organization. |
