Plan roles and governance
Make retirement plan responsibilities easier to identify and document.
Good plan governance begins with knowing who is responsible for each decision and process. A focused review can help map employer, committee, advisor, recordkeeper, administrator, trustee, and other provider roles while identifying documentation and oversight questions for further review.
What we can review
Bring the pieces into one conversation.
Direct answers
Start with the question you asked.
Who is responsible for which retirement plan decisions?+
Responsibilities depend on the plan documents, service agreements, appointments, and actual conduct. Employers should identify who handles plan administration, investments, participant assets, provider monitoring, notices, cybersecurity, and other functions, then confirm those assignments with qualified ERISA counsel or other appropriate professionals.
Are fiduciary responsibilities clearly documented?+
They should be. Identify who selects and monitors investments, administers the plan, handles participant assets, and oversees providers, with agreements and meeting records supporting those roles.
What should a retirement plan committee document?+
Committee records commonly identify attendees, information reviewed, decisions made, reasons for those decisions, follow up items, and responsible parties. A consistent process can help demonstrate how the plan's responsibilities are being carried out.
Does a governance review provide legal advice?+
No. DFG's educational review is not legal, tax, or individualized fiduciary advice. Employers should use qualified ERISA counsel, tax advisors, and other professionals for advice within their respective areas, and any DFG role is limited to the applicable written agreement.
Choose the employer need
Go directly to the conversation that fits your plan.
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