Handling distribution checks - bonding or fiduciary issues?

[Guest crosseyetester]

Is there any issue with bonding or fiduciary liability with the following procedure:

Whenever a participant retires and begins monthly payments from a certain plan, the first check is sent from the bank to a retirement (non-actuary) consultant, who then sends that check directly to the participant, with a letter indicating that all future checks will come directly from the bank.