Organizing Your Fiduciary File
As a plan sponsor and fiduciary of your company’s retirement plan, keeping an up-to-date fiduciary file is critical. To begin, we recommend preparing your file in four key sections; contents of each section could include the following: I. Documents: plan document, IRS determination letter, summary plan description, investment policy statement, 404(c) policy statement and notice, form 5500s, service provider contracts, nondiscrimination test results, corporate tax returns, corporate board resolutions, etc. II. Administrative: evidence of employer contributions, distribution documents, audit…