Fiduciary Guides

Retirement plan fiduciaries are faced with mounting challenges and stringent regulatory requirements associated with managing a compliant, cost-effective and financially sound retirement plan. At Prudential Retirement, we understand that successfully meeting this challenge requires a broad understanding of investments, plan design, plan administration and participant education and communication.

Prudential Retirement’s fiduciary guides are intended to offer an overview of the key responsibilities inherent in serving as plan fiduciary, and a series of Best Practices to help you navigate and manage these duties so that you can design and maintain a retirement plan that best meets the needs of your organization.

 

Defined Contribution ERISA Fiduciary Guide
The Employee Retirement Income Security Act (ERISA) sets standards of conduct for individuals—“fiduciaries”—who manage an employee benefit plan and its assets. This guide provides an overview of the basic fiduciary responsibilities applicable to defined contribution retirement plans that are subject to these ERISA requirements.

 

Defined Contribution Non-ERISA Fiduciary Guide
The concept of fiduciary responsibility is not limited to plans that are subject to ERISA requirements. Many sponsors of non-ERISA plans and programs (usually governmental and non-electing church plans) use ERISA guidance as a best practice in plan administration. This guide provides an overview of those best practices for fiduciaries of non-ERISA defined contribution retirement plans.

 

Defined Benefit ERISA Fiduciary Guide
ERISA also sets standards of conduct for fiduciaries who manage defined benefit retirement plans. This guide provides an overview of the basic fiduciary responsibilities applicable to defined benefit plans that are subject to ERISA requirements.