Fiduciary best practices
Learn how to assess your risk and manage your liability by taking a few key steps
TABLE OF CONTENTS
Part 1: Fiduciary Rules
• What do I need to do if I am a fiduciary?
• Delegation of fiduciary responsibilities
• Consequences of breach of fiduciary duties
• Employee Retirement Income Security Act of 1974 (ERISA) Requirements
Part 2: Strategies to limit your liability
• Compliance with ERISA Section 404(c)
• Selection and monitoring of service providers
Part 3: Managing your fiduciary responsibilities
• Managing your fiduciary responsibilities
This guide is designed to assist you in asking the right questions so you can diligently follow your fiduciary duties and to help you manage risk for your organization.
Establishing a fiduciary committee
Creating a committee can help you meet your duties as a fiduciary. Learn how to get started and maintain a fiduciary committee with this guide.
Investment policy statement considerations
An investment policy statement provides a decision-making framework for your committee to follow. Here are some factors to consider as you develop one for your plan.