"For plans subject to ERISA, the new rules now require a plan's fiduciary to certify within this analysis that they have [1] engaged in a prudent process for selecting a vendor to complete this analysis and [2] monitored their vendor as they complete the analysis. In most cases, the employer, as the plan sponsor and administrator, will be the designated fiduciary responsible for performing these duties and certifying that they have done so. So, what does the certification of a prudent process of selection and subsequent monitoring of service providers look like?"  MORE >>