Why Work with a CEFEX Advisor
We are committed to providing elite level guidance and service to our clients. Our CEFEX Certified advisors aim to meet company goals and empowering employees to confidently save. We strive to surpass all of our client’s expectations.
Our passion for fiduciary excellence and dedication to doing what is best for our clients prompted us to obtain advanced credentials. These are not required but are important for developing trusted processes and instilling confidence.
Fiduciary Support + Relief
Many fiduciaries are in the dark: 49% of plan sponsors are unaware of their fiduciary status and duties1. This is cause for concern. Failing to uphold fiduciary responsibilities, even by accident, could result in penalties and fines, or worse yet, sponsors can be held personally liable.
Under the Employee Retirement Income Security Act of 1974 (ERISA), the law that governs private workplace retirement plans, a plan fiduciary’s legal responsibilities include:
- Acting solely in the interest of plan participants and beneficiaries, with the exclusive purpose of providing benefits to them;
- Carrying out duties with skill, prudence and diligence;
- Following the plan documents (unless inconsistent with ERISA);
- Diversifying plan investments;
- Paying only reasonable expenses of administering the plan and investing its assets; and
- Avoiding conflicts of interest.
As your retirement plan advocate, we sit on the same side of the table and take on responsibilities as an investment co-fiduciary. We provide fiduciary training and help you implement a prudent process for managing your responsibilities as a plan fiduciary.
1 AllianceBernstein L.P. “Inside the Minds of Plan Sponsors” A/B Research. Dec 2017.
