The Biggest Problem Fiduciaries Face
Believe it or not, the biggest problem we see ERISA Fiduciaries face is not knowing they’re a fiduciary.
This often happens when a company that operates a Health & Welfare or Qualified Retirement Plan appoints their CFO, HR personnel, or even an office secretary to key positions within the Plan.
When you first set out to build your company plan, this may seem like an easy route to take. But, being a fiduciary is a full time responsibility.
If your fiduciaries are not aware of the legal liability tied to their position, and are not prudent experts in ERISA compliance, your business is at risk to face serious penalties and fines if the DOL decides to audit you.
As prudent experts in ERISA Plan Strategy & Legal Compliance for over 25 years, we’ve seen everything the DOL looks for when conducting a plan audit.
That’s why we’ve created a comprehensive training program to help ERISA Fiduciaries learn the ins-and-outs of ERISA compliance, so they can reduce risk for your company and minimize findings if the DOL asks for documents.
Our ERISA Fiduciary Training Program
When you enroll your fiduciaries in our ERISA Fiduciary Training Program – we will visit your office in-person (or virtually) to share our best knowledge and compliance practices with your team.
This includes covering topics such as:
- Who qualifies as a fiduciary under ERISA?
- What legal and financial responsibilities does an ERISA Fiduciary hold?
- The Prudent Man Rule – and why exercising prudence in decision making on behalf of your plan participants & beneficiaries is crucial for success.
- The most common ERISA compliance problems businesses face (and how to correct them).
- What to do if your company receives an inquiry from the DOL, or is subject to an EBSA audit.
Getting equipped with this knowledge will empower your fiduciaries to operate your plan with confidence, and keep you legally compliant.
25 Years Of ERISA Experience, DOL Audits & Federal Court Cases. Many Lessons Learned…
Our fiduciaries have been practicing ERISA compliance since 1995.
William Kropkof, President of the ERISA Advisory Group, has personally participated in 25 DOL Audits, 4 Federal Court Cases and produced $38.7 million dollars in savings to Plans Sponsors, and recoveries for Participants & Beneficiaries.
Many of our current clients choose us because of our experience as ERISA Fiduciaries. Now, we are proud to share the many lessons we’ve learned with every day fiduciaries at small, large and medium-sized businesses.
If your team of fiduciaries needs help understanding the intense regulatory environment of ERISA plans, then you should consider hiring true experts to show them the way.
Contact Us To Enroll In Our Fiduciary Training Program
Do your fiduciaries need to be trained by prudent experts in ERISA compliance?
Schedule an appointment with our President, William Kropkof, and he will walk you through the next steps to making your fiduciaries ERISA Compliance Specialists.
Click Here To Schedule An Appointment With William Kropkof, CEBS