Employee Health Check

By definition, as a plan fiduciary, it is your duty to act solely in the best interest of the participants and their beneficiaries. As a result, you share the responsibility for guiding your employees toward making decisions that strive to afford them greater financial freedom in retirement. That being said, with these added duties comes the potential liability in acting as a “prudent person”. The responsibility to be prudent covers a wide range of functions, and since it is your obligation to carry out these functions, it may be in your best interest to work with a knowledgeable and experienced partner in the field of group retirement plans.

Unlike traditional financial consultants, Pangea Wealth can operate as your valued partner, assisting employers in understanding ERISA fiduciary requirements, education on plan design options, and regulatory issues. Our fiduciary support services include:

  • 3(21) or 3(38) Investment Fiduciary Services
  • Assistance creating an Investment Policy Statements (IPS) and help in adhering to it
  • Monitoring of fund performance and managing the watchlist and replacement process
  • Participating in your investment committee meetings
  • Helping you prepare for annual audits
  • Providing you with comprehensive plan provider review and benchmarking, including in-depth comparisons of plan features and fee transparency