Pentegra has introduced the
Pentegra Fiduciary SmartPath, a report detailing best practices and
strategies for business owners, plan sponsors and advisers to use to
help navigate the shifting fiduciary landscape.
The report is
designed to help understand fiduciary responsibilities and corresponding
liabilities, and offers recommendations and guidance for managing these
Pentegra Fiduciary SmartPath details each fiduciary role
in a retirement plan and focuses on helping plan sponsors and advisers
clarify the many nuances associated with fulfilling their obligations,
addressing some of the most important concerns of plan sponsors today.
The report also tackles why outsourcing these responsibilities may be
the trend of the future.
Pentegra notes that retirement plan
administration and the oversight of plan assets involve complex
processes laden with compliance burdens. For many plan sponsors, the
level of self-education and the commitment of time and energy required
to effectively fulfill their fiduciary duties is an unwelcome concern
that too often distracts from the more critical responsibility of
running a business.
“Today, business owners, plan sponsors and
advisers are extremely concerned with the changing regulatory landscape
and overall plan administrative burdens. There is a strong desire to
reduce workloads, fiduciary liability and risk. They want retirement
plans to deliver successful outcomes for the sponsor as well as the
participant. Our new tool, the Fiduciary SmartPath, is an invaluable
resource at a very important time in the industry,” says Rich Rausser,
senior vice president at Pentegra,
As part of the launch of the
Fiduciary SmartPath, Pentegra will present a free PENTalk webinar on
this topic Tuesday, March 21, 2017, at 11:00 am EST. Click here to register. To view the Fiduciary SmartPath click here.