Governance
Are you aware that as an employer offering your employees a pension program, you have fiduciary responsibilities? And yes, this is so even if your employees are making their own investment decisions.
When offering a pension program, you must act in the best interest of your employees. In other words, you have a fiduciary responsibility because your decisions affect the employees’ financial futures.
Your funds may offer reasonable returns, and employees may seem happy, and you may even be compliant with the CAP Guidelines….. Mission accomplished? Although the answer to these questions may be yes, ultimately, your employees will “decide” whether or not your plan is a success. What are they expecting? Do you know?
Our 360° approach will not only give you the confidence that your employees understand and appreciate your pension program, it will reduce the risk of future legal action. We can help you establish the right performance measures you need right now.