No time to learn?

An Extraordinary Assignment

Employee benefit plan committee members frequently complain that they don't have enough time to devote to fiduciary skill development outside of their primary responsibilities in departments like human resources, finance, engineering, manufacturing, the practice of law, medicine, and other disciplines.

Thousands of mid-to senior-level workers around the country are unprepared for assignment to a committee that manages one or more of their company's employee benefit plans.??They typically lack the "fiduciary" professionals' level of expertise regarding the qualifications needed for the position.

The Regulatory Viewpoint

An independent professional fiduciary's expert-level abilities greatly exceed those of most committee members.?Yet federal laws require that plan fiduciaries possess those abilities, too. The U.S. Department of Labor ("DOL"), which oversees benefit plans, admits that management skills are a glaring shortcoming found during numerous routine benefit plan audits.

Former senior DOL investigator David Donaldson discovered that most plan sponsors were unaware of their duties and the personal risk involved in operating their plan and said,?"It is what you don't know that puts you into problems during a DOL investigation."

The best way for employee benefit plan committee members to get the knowledge they need to carry out their duties correctly and securely is through thorough initial and continuous learning opportunities integrated into their daily workflow.?My Fiduciary? does that.

My Fiduciary? is an online network for leaders who want to manage their employee benefit plans better.

In contrast to tedious courses that demand hours of textbook reading and quizzes, the components of fiduciary duty are provided in real-time as events unfold—expert contributors to My Fiduciary? offer straight answers to questions from a professional fiduciary's perspective.

People who act as benefit plan fiduciaries ought to enjoy the experience. Receiving appropriate and ongoing skill improvement from knowledgeable professionals is necessary for performing this essential duty and enhances assurance. My Fiduciary? is the best option for obtaining the needed skills for time-pressed managers and executives.

My Fiduciary? - Learning while on the run.

Ask?Roland|Criss