Fiduciary Support Services
Due Diligence Support for Fiduciaries
Regardless of how much you delegate your plan’s investment oversight and administration, plan sponsors always play a central role as Plan Fiduciary. Our advisors help you understand and execute the key aspects of your fiduciary responsibilities so you feel confident in your decisions.
Take a moment to consider:
- Who is listed as the trustee of the retirement plan? Is it you?
- Do you fully understand the liability you hold in being named plan trustee?
- Is your current plan provider willing to take on, in writing, the responsibilities of an ERISA §3(38) investment fiduciary?
- Why wouldn't a provider be willing to take responsibility for his or her investment recommendations?
- Does your provider offer trustee services yet include multiple proprietary funds?
- What are you paying for those proprietary funds?
Retirement Plan Services provides comprehensive support that helps ensure your overall fiduciary obligations are being met on an ongoing basis.
Key elements of this important service include:
- Document Checklist
- Compliance Calendar
- Annual Fiduciary Review Agenda
- Annual Plan Review & Due Diligence Checklist
- Service Provider Fee Review
- Annual Service Provider Assessment
- Enrollment Program Checklist
- Employee Education Checklist
- Qualified Plan Distribution Checklist
A Retirement Plan Services Advisor is ready to help you
Retirement Plan Services are offered through UMB Bank, n.a. Retirement Plan Services does not provide accounting, legal or tax advice. Products offered through Retirement Plan Services are: Not FDIC insured • No Bank Guaranteed • May Lose Value