Fiduciary File: the Importance of Maintaining Proper Documentation

Multnomah Group

Retirement plans are designed to be long-term programs for participants to accumulate and receive benefits at retirement. As a result, plan records may cover many years of transactions. The Internal Revenue Service (IRS), as well as the Employee Retirement Income Security Act (ERISA), require plan sponsors to maintain records of a variety of documents related to the plan.   Documentation is critical to assist a retirement committee in understanding the history of decisions made regarding the plan.  It is also critical when addressing any legal or regulatory inquiries.

Join us as we cover:

• What is a fiduciary file and who maintains it
• Documents that need to be included in your fiduciary file
• Fiduciary file best practices

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