Fiduciary File:
The Importance of Maintaining Proper Documentation

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.

During this webinar, 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