Fiduciary Governance
The duty to act prudently requires fiduciaries to consider relevant information (or that which they should know to be relevant) in order to make well-informed decisions. Because prudence is all about “process,” you should document the steps you took and the basis for all of your decisions.*

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* 1. Are you confident you understand your fiduciary responsibilities & have identified the plan fiduciaries?

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* 2. Do you have a plan committee?

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* 3. Are you satisfied with the current structure?

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* 4. Do you have a committee charter?

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* 5. How frequently do you receive fiduciary training?

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* 6. Do you carry fiduciary liability insurance?

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