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View More Press Releases by Centre for Fiduciary Excellence [CEFEX]
Press release:
Cecilco 401(k) Managed Solutions is Certified to Industry Best Practices |
Issued by: Centre for Fiduciary Excellence [CEFEX] Date: Sept. 17, 2019 |
PITTSBURGH, September 17, 2019 - CEFEX, Centre for Fiduciary Excellence, LLC, has certified Cecilco 401(k) Managed Solutions of Dallas, TX as adhering to the American Society of Pension Professionals & Actuaries (ASPPA) Standard of Practice for Retirement Plan Service Providers. By successfully completing the independent certification process for service providers, Cecilco 401(k) Managed Solutions (Cecilco) joins an elite group of firms. The ASPPA Standard of Practice describes how a service provider of any size or type can help plan sponsors fulfill their fiduciary obligations. CEFEX uses 2 classifications: 1) in-house recordkeeping services and 2) administration services (i.e. third-party administration). The Standard includes best practices for governance, organization, human resources, operations, planning, systems, and disclosure, as defined by a cross-industry task force established in 2007. The Standard is modeled after the "Prudent Practices for Investment Stewards" published by Fi360® Inc. of Pittsburgh, PA. According to the Managing Director of the Centre for Fiduciary Excellence, Carlos Panksep, "The CEFEX certification provides assurance to fiduciaries and their stakeholders that Cecilco has demonstrated adherence to the best practices in the TPA industry. The successful completion of the independent assessment is an extraordinary indication of a firm's accountability to its clients." The annual certification process involves a detailed assessment of operational data and procedures, followed by on-site interviews with key personnel. Cecilco is registered on this public page, where its certificate can also be viewed. A summary of the Standard can be viewed by clicking on Cecilco online Independent Assessment Report. For information on the certification program and CEFEX® please visit www.CEFEX.org. For information about ASPPA, please visit www.asppa.org. For information on Cecilco 401(k) Managed Solutions, please visit www.cecilco.com. About CEFEX®: About Fi360®: BL:hh |
View More Press Releases by Centre for Fiduciary Excellence [CEFEX]
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