This material is for informational or educational purposes only and does not constitute investment advice under ERISA. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor’s own objectives and circumstances.
What does it mean to be a retirement plan fiduciary?
Understanding what's involved in being a retirement plan fiduciary can be complicated. It requires management discretion over your plan while also navigating ongoing changes in the regulatory environment.
We are here to help you understand your responsibilities and the fiduciary basics that will help you more confidently manage your plan.
Establish a framework for sustaining your fiduciary responsibilities
Create an outline of plan fiduciary responsibilities and associated processes. Then you can focus on the specifics that will help you achieve and maintain compliance.
Compliance is in the details. Ensure you have the required elements of your plan document in writing.
Creating a well-designed investment menu can be complex. See how to make and monitor prudent selections.
Plan sponsors are required to provide certain disclosures. Learn how to both meet requirements and encourage participation.
You can count on TIAA for research, services and guidelines to help you manage your plan and monitor its investments.