fiduciary

Can I Send Participant Notices Electronically? A Brief Guide to e-Delivery
Team SummitEmployer Resource Center, Plan Operations & AdminComments are off for this post
The number of notices and disclosures required to retirement plan participants has increased while methods to access information has changed drastically. Many people receive their news and information on electronic devices through apps and social media. What remains the same is the Department of Labor’s (DOL’s) guidance about permissible methods to provide notices electronically. There  Read More →
Selecting Fiduciaries and Their Responsibilities
Team SummitEmployer Resource Center, Fiduciary GovernanceComments are off for this post
Employers are not required to offer employee benefit plans as part of a compensation package, but they are an advantageous way to attract and retain employees.  Despite their usefulness as a recruiting and retention tool, employee benefit plans carry hidden exposure for your company. If employers offer benefit plans, those plans must comply with the  Read More →
DOL Update: A New Definition of Fiduciary
Team SummitOur NewsComments are off for this post
In 2016, the Department of Labor (DOL) finalized regulations updating, and expanding, the definition of “fiduciary” in regards to the provision of investment advice. Originally these regulations were set to become applicable in April of this year. However, the current administration wanted to delay the applicable date to allow the DOL to fully examine the  Read More →

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