Financial Advisor & Retirement Planning
what's in your fiduciary file

What’s In Your Fiduciary File?

  • [video width="3840" height="2160" mp4="https://fiduciaryfinancialpartners.com/wp-content/uploads/2019/02/RPM_Q1-2019_Video_Whats-In-Your-Fiduciary-File_Ready.mp4"][/video] Ever wonder what documents should be in your Retirement Plan Committee's fiduciary file? If you've offered a 401(k) plan to your employees for a short period of time or a long period of time, chances are you have many different types of documents to show for it. We'll help you figure out the essential document requirements and best practice ideas on how to store them safely. Talk to our team at Fiduciary Financial Partners today to…

    Four Tips To Boost Your Employees’ Retirement Outlook

  • As many employees look ahead to retirement, 47% of workers feel somewhat confident that they’ll have enough money saved to retire on time and then live comfortably.1 However, forward-thinking employers have the ability to help their employees work toward a confident and happy retirement. According to the 2018 Retirement Confidence Survey from the Employee Benefit Research Institute (EBRI), only 17% of American workers feel very confident in their ability to live comfortably in retirement. Additionally, their 28th annual survey found…

    Risky Business: Why Plan Governance Matters

  • Participant-driven lawsuits are on the rise, and employers are facing heightened scrutiny of the way they manage their retirement plans. In today’s continually-evolving regulatory and legal environment, it’s more important than ever to make sure your organization’s retirement plan is both effective and compliant. A well-structured retirement plan governance program can help you pursue these goals when aiming to limit fiduciary risk and improve plan performance, while striving to boost participant outcomes. What is retirement plan governance? Simply defined, governance…

    Plan Sponsor Guide: How Protected Is Your Company’s 401(K) Plan?

  • Did you know cybercrime is a possible threat for your company’s 401(k) plan? Technology is evolving fast, but cybercriminals are evolving just as fast. Cybercriminals are now going after a plan sponsor’s company 401(k) plans and you could be liable if disaster strikes! You should be aware of the multiple cyber threats that can affect your plan and the protective measures available to help you thwart those threats. Our guide provides you with many ways you can help protect your…

    Is Your Retirement Plan at Risk for a Cyber Attack?

  • Cyber-crime is on the rise worldwide. As a result, growing numbers of organizations are taking critical steps to protect their valuable electronic data from hackers and other cyber criminals — a process known as cybersecurity. It’s serious business, and a trend retirement plan sponsors and committees should pay attention to. In 2015, IBM’s chair, president and CEO Ginni Rometty said, “Cyber-crime is the greatest threat to every company in the world.” Last year, billionaire investor and businessman Warren Buffett echoed…

    Plan Sponsor Guide: Understanding 401(k) Loans

  • The recent enactment of the Tax Cuts and Jobs Act of 2017 (TCJA) makes changes to 401(k) loan repayment options, which should prompt plan sponsors and plan administrators to re-evaluate their existing loan program, processes and procedures.  This article will provide an overview of the loan provision and offer a list of considerations that plan sponsors can use when adding or modifying an existing loan feature to their plan. Although not required by law, many 401(k) plans offer a loan…

    The DOL Fiduciary Rule is Dead, but You’re Still a Fiduciary

  • On June 21, 2018, the 5th Circuit Court of Appeals vacated the requirements of the U.S. Department of Labor’s (DOL) Conflict of Interest Rule—more commonly referred to as the “DOL Fiduciary Rule”—thus killing the rule entirely. Despite this news, the death of the DOL Fiduciary Rule does not alleviate a plan sponsor from being a fiduciary when sponsoring an ERISA-covered retirement plan, such as a 401(k). The primary purpose of the DOL Fiduciary Rule was two-fold: 1) Broaden the existing…

    A Guide For Employers Dealing With Missing Participants

  • Locating missing plan participants can be a headache for any employer, but simply ignoring them is not an effective solution. Regulatory agencies in previous years have published guidance on this topic relating to missing “retired” employees. With the increase in the number of “pre-retired” missing plan participants, governmental bodies are now taking additional measures to provide solid guidance and solutions to help streamline this arduous process for plan sponsors. Plan sponsors must understand why locating missing plan participants is important. …

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