Fiduciary Training Program

One of our greatest tools to help our clients is our comprehensive fiduciary training program.

Our best clients are clients with a high understanding of retirement plans, fiduciary best practices, regulations, and retirement service providers. Our program trains plan sponsors and committee members to better understand their obligations. We believe the effective deployment of this type of training will dramatically improve the ability of our committees to effect change and growth within their organizations.

Our program is a tiered approach, meeting each committee at their current education level. New fiduciaries and experienced fiduciaries alike can use our educational building blocks to strengthen their understanding of what is required of them as fiduciaries.

		Exploring fiduciary responsibility
		Topics covered include:
		Understanding your role as a retirement plan fiduciary
		Best practices for retirement plan fiduciaries
		Avoiding conflicts of interest
		Avoiding prohibited transactions

		Learning the core areas of responsibility for a retirement plan fiduciary
		Topics covered include:
		Fiduciary governance, including an understanding of the foundational documents (e.g., IPS + charter)
		Service providers and their fees
		Employee engagement and required disclosures
		Plan operations
		Investments

	Learning more as a retirement plan fiduciary and digging into the details!   Topics covered include fiduciary governance, service providers and their fees, employee engagement and disclosure, plan operations, and investments.
	Fiduciary Governance Service providers and their fees Committee Charter (or other delegation document)    Common fee models                                                             Investment policy statement                                                408(b)(2) Fee disclosure notices                                           Meeting minutes                                                                    Multnomah Group fee benchmarking process         Plan document                                                                      Request for proposal process and practices Reporting to the board                                                         Understanding SOC Reports Roles of Settlor and Fiduciary       Employee engagement and disclosure Plan operations Education v. advice                                                                Insurance and bonding                                                       Participant notices                                                                Plan testing                                                                            Financial Wellness Program                                                Understanding your audit              Missing or Lost Participants  Understanding a 3(16) Fiduciary                                                                                        Investments   Fund mapping                        Managed accounts                                                                  Research Process                                                                    Share Classes                                                                          Target date funds