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Fiduciary Services
The Employee Retirement Income Security Act (ERISA) protects the rights of participants and beneficiaries of retirement plans. But the rules can be complicated and confusing. At UNIFI Retirement Plans we are prepared to help you make sense of it all and fulfill your important fiduciary duties, by providing a wide range of support.
Fiduciary Handbook
We provide a Fiduciary Handbook that plan sponsors can use to help manage fiduciary responsibilities. It contains:
- Outline of fiduciary responsibilities
- Information on ERISA Section 404(c)
- Sample investment policy statement
- Annual plan review checklist
Portfolio PlaybookSM Through their association with UNIFI Companies Retirement Plans, plan sponsors can employ the experts at Morningstar Associates, LLC to provide extra assistance with the critical job of determining which investment options to offer your plan participants. If you employ Morningstar Associates, LLC they will join you as a co-fiduciary of your plan. They take this responsibility seriously and have developed a complete program for this purpose including:
Plan sponsor questionnaire
Lineups with plan specific investment recommendations
Investment policy statements
Ongoing investment monitoring
Fiduciary Investment SafeguardSM Through this program plan fiduciaries can have confidence that their plan satisfies three key ERISA investment responsibilities:
Utilizing prudence in selecting and monitoring investments
Offering a broad range of investments
Offering fund appropriate for long-term investing for retirement
By meeting certain requirements and by selecting and monitoring a fund from each of the asset classes in the asset allocator models created by Morningstar Associates, LLC and a QDIA, UNIFI Companies Retirement Plans will indemnify plan sponsors for certain reasonable damages. Fiduciary Investment Safeguard is available at no additional cost to the plan sponsors using a retirement plans product from UNIFI Companies Retirement Plans. However, plan sponsors should read and understand the Fiduciary Investment Safeguard document to satisfy the conditions and requirements of this warranty.
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