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The Top Three Reasons to Outsource Fiduciary Services
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
Many companies are outsourcing more and more activities, mainly because outsourcing can provide cost savings and increase productivity. Outsourcing allows companies to focus more on their core businesses, rather than spending time on areas outside their expertise. For retirement plan sponsors, outsourcing services makes sense for these reasons as well as others. Reduced Risks As  Read More →
The Six Types of Fiduciaries in Retirement Plans You Need to Know
Team SummitEmployer Resource Center, Fiduciary GovernanceComments are off for this post
A retirement plan may have one or more fiduciaries who have distinct responsibilities, though many individuals and committees may serve in multiple fiduciary roles. Here is a brief overview of the categories of fiduciaries: Named Fiduciary This fiduciary should be named in the plan document and is considered the primary decision-maker for the retirement plan.  Read More →

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