FIDUCIARY PLAN SERVICES
Partnering with you in complying with the changing fiduciary environment
Fiduciary Plan Services
Fiduciary Practices Review
Plan Expense Analysis
On an annual basis, FCG will deliver a comprehensive review of all expenses associated with the management of the plan. The analysis serves as documentation of the fiduciaries’ discharge of their responsibility under ERISA to ensure that all costs incurred by the plan are reasonable.
Service Provider Review
The service provider review provides analysis of all entities providing service to the plan. Annually, this report supplies information to assist fiduciaries in determining if the level of services currently provided is both appropriate and necessary.
Communication and Education Assessment
The assessment tool assists fiduciaries in evaluating the level of investment education provided to participants. Service providers are assessed on quality and type of education provided, effectiveness of strategy, and whether the goals were set and achieved for the year. These educational services are offered through FCG Investment Company.
This service assists with 404(C) compliance and implements a checklist to maintain compliance. The 404(C) Compliance Review compares the requirements set forth under ERISA versus the current practices of the plan and makes recommendations for remedial actions.