Fiduciary Liability Management
Meeting today's fiduciary responsibilities is a daunting task. The Employment Retirement Income Security Act (ERISA) imposes complex responsibilities and restrictions on fiduciaries of retirement plans (including 401(k), profit sharing, and defined benefit plans), and sets standards for the operation of plans and investment of plan assets.
As a plan sponsor, it is your responsibility to be aware of problems and to solve them. You are also in charge of finding optimal investments, reasonable fees, and competitive returns. A fiduciary that breaches its duties is liable to the plan for any losses. BCI Group's team of industry-experienced professionals will ensure that your employee benefit plans are in compliance with ERISA and the fiduciary standards of the Internal Revenue Code (404a & 404c).
Our fiduciary liability management services will help you fulfill your complex plan sponsor duties. The BCI Group management process will guide your company through the matrix of investment committee training, plan governance, participant education, provider monitoring, and proper documentation.
The BCI Group Approach
BCI Group will start with an extensive fiduciary liability audit of your plan to determine its efficacy from an administrative, investment, and expense perspective. Our team creates a due diligence process to document your fiduciary activities, recommend appropriate investment alternatives, and develop employee education and participation programs around specific success parameters.
Our strategic approach will minimize the fiduciary liability exposure associated with your plan’s participant directed investments. This will help your company, its officers, and directors to avoid potential liability from litigation or critical review by regulatory authorities. With BCI Group on your team, you’ll protect your company and provide the best investments for your plan.
Call our team today to set up a free consultation regarding our fiduciary oversight program at 866-609-1900.
Securities and Advisory Services offered through Financial Telesis, Inc. Member FINRA/SIPC. FTI is not affiliated with BCI Group.
