In some instances, your retirement plan committee may lack the expertise to prudently address all areas of its fiduciary responsibility. The Department of Labor allows fiduciaries to hire service providers to handle fiduciary functions where the committee lacks expertise. This does not absolve the committee of their responsibility in that area but extends to the oversight of the service provider and their fees.
Join us on 5/22 at 10 a.m. as we discuss a section of our Fiduciary Training Program focused on service providers and their fees. You will learn:
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Multnomah Group provides fee-only retirement plan and investment consulting services to for-profit and tax-exempt employers in the United States. Our firm’s core competencies include investment consulting, vendor and plan management, and fiduciary governance.