Description
This course will provide the financial/insurance professional with a comprehensive understanding of the need to and the steps necessary to help sponsors of qualified retirement plans develop fiduciary risk and liability management strategies.
Learning Objectives
At the completion of the course, the student will be able to:
• List the four key fiduciary responsibilities for sponsors of employee retirement plans
• Identify the potential consequences of a fiduciary failure
• List the five components of a fiduciary liability reduction strategy
• Define five fiduciary liability reduction tactics
• Differentiate between the two Department of Labor (DOL) fiduciary correction programs