Fiduciary Resources

Helping you perform your important Fiduciary responsiblity

Fiduciaries have an obligation to act in the best interests of the plan participants and to ensure that the plan is being managed in accordance with the plan document and applicable laws. One way owners and plan sponsors can get help with performing this important role, is by adding professional co-fiduciary service providers to support the plan and mitigate risks.

Key professionals to help with plan management

Recordkeepers

Holds funds and investments separate from the company. Mitigates financial risk and supports compliance.

Third Party Administrators (TPAs)

Conducts testing, reporting, and maintains plan documents. Mitigates compliance risks.

Investment Advisors (Beacon)

Monitors investments and helps with education. Mitigates risk associated with investment choices and expenses.

SECURE Act 2.0

Signed into law on December 29, 2022, the SECURE Act 2.0 takes
off where the original SECURE Act (1.0) left off.

Click to download an overview

2024 IRS Limits

The Internal Revenue Service announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024.

Click to download a chart of the new limits

Fiduciary To Do: Create a plan file

If you have not already, its good practice to gather all relevant plan documents and reports into one place for quick reference. This could be a physical file or secure online folder. This "Fiduciary File" should be reviewed and maintained at least annually but more often if needed.

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