June 13 Retirement Plan University
Horizon Financial Group and Sentinel Pension teamed up with representatives from Columbia Threadneedle, AllianceBernstein, and J.P. Morgan Asset Management for our June session of Retirement Plan University. Russ Regentz from Columbia Threadneedle shared insights on fiduciary risks and liability for plan sponsors, and Andy Bush with Horizon Financial Group shared tips on investment committees for employer sponsored retirement plans. This session was hosted at The Annex at White Star Market.
A few things we covered:
DOCUMENT your PROCESS
Fiduciary responsibilities of plan sponsors
Selecting the lowest cost option does not negate fiduciary liability.
Investment Policy Statement (IPS)
Fee disclosure compliance
ERISA 404(c) provides a mechanism to shift investment responsibility to participants. What exactly does it entail and who would benefit?
Qualified default investment alternatives (QDIA)
Automatic enrollment safe harbor
What should you expect from your financial advisor on your plan?
Investment committee development and sample documents