Fiduciary Protection Services

ERISA treats anyone who has discretionary authority or control over the Plan’s assets or the administration of the Plan as a fiduciary. This will include the Plan trustees, Plan committee members and officers or board members of the company. Several individuals have become fiduciaries without their intent or knowledge.

It is well established that all fiduciaries must monitor their existing Plan and Plan assets. To satisfy the fiduciary requirements of ERISA, Plan Sponsors must monitor their existing funds. Sponsors need written, quantifiable proof that investments are being reviewed. A written record of your decisions and due diligence may strengthen your defense against a possible claim of fiduciary breach in a court of law.

Why EPIC?

We are Investment Advisor Representatives of NRP Financial, Inc. under the 1940 Securities Act.
We prepare quarterly written reports at both the Sponsor and Participant level. The former tends to be technical, the latter simplistic.
We provide a participant call-in center. Investment Professionals are available to answer any investment inquiries.
We provide sophisticated statistical procedures, which provide documented verifiable proof for our recommendations, including Attribution Analysis, and Nobel Prize winning Efficient Frontier Methodology.
Lack of proprietary products ensures non-bias objectivity and independence.
Pictorial representation provided to quickly ascertain style drift, source of returns, performance relative to appropriate benchmark and/or Morningstar peers, etc.
Services should be from an independent source. Is your current Provider independent??
Services could also include quarterly participant handouts and information, i.e., increase participant education, awareness, and access to information.
Quantifiable evidence to ensure investment options have no fundamental changes to original selection criteria, have not undergone style drift.
Reduced fiduciary exposure.

Conclusion

Unless your Investment Advisor acknowledges their fiduciary status, provides quantifiable documented verification predicated upon proven established methodology, you may be taking on more responsibility and liability than you desire.