Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are some additional responsibilities of a plan fiduciary?

April 26, 2017additional Fiduciary Plan responsibilities

0

Posted

What are some additional responsibilities of a plan fiduciary?

1 Answer

0

Posted

Fiduciaries are also responsible for: • Selecting an investment provider and investment options • Monitoring investment options • Maintaining an Investment Policy Statement • Complying with ERISA Section 404(c) (if applicable) • Maintaining accurate records • Employee communications • Obtaining a fidelity bond • Monitoring plan administration and compliance