Recognizing that many retirement plan fiduciaries do not have a clear understanding of how well their retirement plan governance and oversight program stacks up against industry best practice standards, Schneider Downs Retirement Solutions has developed what we refer to as a Fiduciary Risk Assessment. Our Assessment results are in contrast to the Global Fiduciary Practices for Investment Stewards published by the Center for Fiduciary Studies against a plan’s established policies and procedures. Based on the results of our analyses, as well as discussions with plan fiduciaries and third-party service providers, our final report connotes the degree of conformity to each practice criteria. Where there is non-conformity, or an opportunity for improvement, our report will outline recommendations on what changes might be made to further align the plan with industry best practice standards.
Not sure whether you are a good candidate for a Fiduciary Risk Assessment? We welcome you to take our online Fiduciary Risk Assessment Quiz.
