Fiduciary Guidance

Due to the volatility of the financial markets, recent mutual fund scandals and further potential litigation surrounding the financial services industry, never has there been a time when plan sponsors, trustees and plan advisors are under greater scrutiny from regulators and participants. For plan sponsors and trustees, the environment is confusing and potentially perilous from a liability standpoint.

The Schneider Downs Qualified Plan Advisory Group helps to minimize risk and effectively deal with the scrutiny currently focused on retirement plan sponsors and fiduciaries by:

• Developing an Investment Policy Statement for each plan, which provides a process for selecting and monitoring available investment options;
• Full and complete disclosure of all fees and costs associated with the retirement plan and monitoring those fees to ensure they are in line with or below industry standards;
• Addressing concerns with employee plan utilization relating to participation, contribution levels and lack of investment knowledge or confidence;
• Having on staff an Accredited Investment Fiduciary Auditor™ familiar with current fiduciary standards and practices who is committed to a fiduciary code of ethics.