Ascending Through the Fire With an Evolving Fiduciary Governance Approach
Learn about the opportunity plan advisers have to position themselves as a chief governance officer with plan sponsors.
Many plan sponsors have passed through the fire as a result of the economic impact of COVID-19 and are trying to move forward in a new normal. While the recent singeing is still current in memory, it is essential that plan sponsors take steps to insulate their plans from the problems they might have incurred during this time of trial. There is a clear opportunity for plan advisers and sponsors to turn the challenges being faced into opportunities for improvement.
Learn how plan advisers can help plan sponsors to take steps to evolve their level of fiduciary governance by incorporating a chief governance officer (CGO) and new ways to measure plan success to help promote better participant outcomes.
This white paper is part of MassMutual Investments’ PlanChampion program, established to help plan advisers’ efforts to attract, grow and retain clients.
For purposes of this white paper, plan advisers are defined as the service financial professionals provided to defined contribution (DC) plans as fiduciaries under ERISA 3(21) or 3(38) only, even though the financial professional may offer other services outside of their investment advisory role.