Your company's retirement plan is a valuable benefit for your employees. There are certain rules that must be followed, as per the Employee Retirement Income Security Act(ERISA).
Every plan must have at least one named fiduciary that has control over the plan and its assets.
ERISA requires fiduciaries to diversify the plan's investments; they must act in accordance
with the plan's documents and policies and monitor the investments at a minimum annual basis. It is important to note that fiduciaries need not be investment advisors or administrators
themselves; but by hiring outside experts to fill these roles, they are fulfilling their fiduciary services.
The Stoller Company understands the fiduciary's responsibilities and offers a full range of
fiduciary services to help companies manage their retirement plans. We partner with our clients
Facilitate retirement plan fiduciary meetings, including a review with the investment
professional, the plan documents and its operations.
Maintain a due diligence file for fiduciary meetings that includes notes, minutes,
agendas, background information and supporting documentation.
Develop and update the Investment Policy Statement (IPS) to provide direction and
guidelines. This will allow for the selection and ongoing monitoring of investment options
and service providers under the plan.
Review the retirement plan in relation to new legislation and IRS/DOL regulations and
work with the plan's fiduciary to make changes that bring it into accordance with new
Evaluate and facilitate education and communication among the fiduciary and other
retirement plan participants.
Ensure that the fiduciary and other plan administrators are adhering to guidelines for
deposits and loans.
Review non-qualifying plan assets, including real estate, limited partnerships, etc., to
make sure that they are in compliance.