401(k) Fiduciary Responsibilities

Retirement planning has become increasingly vital in today’s rapidly changing financial landscape. A key tool for employees to build retirement savings is the 401(k) plan.

Managing a 401(k) plan comes with numerous responsibilities, especially for fiduciaries. This course explores the role of a 401(k) fiduciary, detailing their duties, legal responsibilities, and the critical importance of upholding a commitment to plan participants.

This course covers:

•    Duty of Loyalty
•    Duty of Prudence
•    The Duty of Diversification
•    Duty to follow Plan Documents
•    Duty of Fee Transparency and Reasonableness
•    Duty to Communicate
•    Duty to Compliance Regulations
•    Delegation
•    Hiring Service Providers
•    Monitoring Actions