With the regulatory spotlight on fiduciary responsibilities, plan sponsors are beginning to understand that they need internal and external resources that can help them manage their fiduciary risk.
More than 100 ERISA class action lawsuits have been brought against a wide range of entities, including financial institutions, universities, religiously affiliated organizations and multinational companies
The wave of litigation is ongoing and has significantly increased the responsibility of 401k plan fiduciaries to follow well documented, and prudent processes to monitor the operation of their 401k plan.
As a result of these lawsuits, many experts recommend the formation of a 401(k) plan committee comprised of qualified internal representatives, aided by outside advisors. Properly established, 401k committees can bring a diversity of knowledge, insights and ideas to help manage the plan.
Help is here
Automate 401k committee formation. Includes drafting committee charter, code of ethics and compliance calendar.
User our IPS wizard to create a basic Investment Policy Statement that reflects the goals of the investors. User can also import their own IPS.
Schedule and notification of Committee Meetings. Create agenda and track all
Collect & Archive all meeting material and track decisions and changes to all processes and policies.
FlexSoft, Inc is a leading provider of software for the pension industry. Flexsoft, provides comprehensive software solutions enabling businesses to facilitate employees' retirement planning needs. Our goal is to help our clients illustrate the features and communicate the benefits of qualified retirement plans to both employers and employees.
1025 Alameda De Las Pulgas, Belmont CA 94002
Phone: 1 800 322 0023
