403(b) Plan Fiduciary Oversight

Download Report

In an increasingly complex landscape, the fiduciary management of robust 403(b) plans has become more challenging than ever. Compounding these issues, recent lawsuits against college and university 403(b) plan sponsors have caused many institutions to take a critical look at their plans to ensure they are best situated for investment success—and insulated from reproach. These lawsuits have underscored key best practices for strong fiduciary oversight of your plan while still providing a best-in-class retirement benefit to attract and retain the talent you rely on to fulfill your mission. The best practices focus on investment lineup, fees (including transparency), record-keeping, and governance.