We upgraded our fiduciary training for 2026. This is a training series we have revamped every year since its launch in 2022. There are three fiduciary trainings scheduled for 2026, and the level of each advances throughout the year.
401k Plan Professionals - 2026 Fiduciary Training Series for Retirement Plan Sponsors
February 2026 - Fiduciary Fundamentals
June 2026 - Fiduciary Best Practices
October 2026 - Fiduciary In Action
In this February 2026 training, our advisor, Jenna Witherbee discusses Fiduciary Fundamentals. We compiled a list of the Top 10 Responsibilities for Retirement Plan Fiduciaries aka Plan Sponsors. Whether your organization has a 401k or a 403b, this information is pertinent to you as a fiduciary to your plan.
Please notice the key that is included on each step in the upper left-hand corner. Certain fiduciary responsibilities are for the entire Plan Committee or Named Fiduciary, while others apply more to a Human Resources / Benefits / Payroll professional, a Chief Financial Officer / person working in a finance role, or in some cases, the advisor to the plan. Our team serves as a fiduciary and the advisor to our client’s plan.
Below is the list that Jenna Witherbee discusses in the 30-minute webinar recording.
The Top 10 Responsibilities of a Retirement Plan Fiduciary
Act Solely in the Best Interest of Plan Participants & Avoid Conflicts of Interest
Follow the Plan Document
Carry Out Duties with Care, Skill, and Diligence
Ensure Fees are Reasonable
Prudently Select and Monitor Investments
Maintain and Follow an Investment Policy Statement (IPS)
Monitor and Document Fiduciary Decisions
Ensure Proper Delegation and Oversight
Ensure Timely and Accurate Plan Operations
Ensure Participant Communications are Clear and Accurate