With HGF as its Investment Named Fiduciary can a corporation eliminate all its investment fiduciary responsibilities and liabilities?
No. By appointing HFG as the Investment Named Fiduciary, a corporation will have taken an important step in managing its investment fiduciary risks. The corporation will likely reduce its responsibilities and liabilities substantially. However, the corporation would presumably retain a residual responsibility to monitor and review HFG’s performance. HFG produces biannual reports designed to assist senior management in this monitoring role. HFG’s processes and reports are designed both to reduce the plan sponsor’s potential fiduciary responsibility and to alleviate the resources allocated to pension plan investment management. Our job is to make your job easier.
Related Questions
- What factors should a corporation consider in selecting and hiring HFG as the Investment Named Fiduciary or Independent Fiduciary of a plan?
- How can a corporation minimize fiduciary risk and liability in appointing HGF as a plan’s Investment Named Fiduciary?
- Can a corporation eliminate its investment committee after it hires HFG as the Investment Named Fiduciary?
