Committee Education & Fiduciary Support
Better Decisions Begin with Better Fiduciary Understanding
Retirement plan governance can be complex. ERISA fiduciaries are expected to make decisions with care, skill, prudence, and diligence, but many committee members, HR leaders, executives, and service providers were never formally trained on their fiduciary responsibilities.
As an ERISA 402(a) Named Fiduciary, Fiduciary Wise provides ongoing education and guidance designed to help plan fiduciaries understand their responsibilities, strengthen governance practices, and support prudent decision-making.
Many individuals involved in retirement plan oversight did not set out to become fiduciaries. They were appointed to a committee, inherited responsibilities, or became involved through their role within the organization.
Under ERISA, fiduciary responsibilities carry significant obligations. A prudent fiduciary process requires more than good intentions. It requires understanding:
- Fiduciary duties and responsibilities under ERISA
- The roles of various service providers
- How fiduciary decisions should be documented
- What regulators and courts expect to see
- How governance processes support compliance and defensibility
Education helps fiduciaries make informed decisions and demonstrate procedural prudence.
Who We Educate
Our education programs are designed for individuals who play a role in retirement plan oversight.
Employers & Plan Sponsors
Advisors, TPAs & Recordkeepers
Plan Committees
The Fiduciary Wise Difference
Many organizations receive information from various service providers. Few receive education from a firm serving in a fiduciary capacity with responsibility for plan governance. As an ERISA 402(a) Named Fiduciary, Fiduciary Wise approaches education through the lens of fiduciary accountability, procedural prudence, and long-term governance excellence.
Education Supports a Prudent Process
ERISA’s fiduciary standard is often described as a “prudent expert” standard. Fiduciaries are expected to understand the decisions they make, the information they review, and the responsibilities they oversee. When expertise is lacking, courts have consistently held that fiduciaries have a duty to obtain it.
Ongoing education helps fulfill that obligation by providing the knowledge necessary to oversee a retirement plan prudently and confidently. Better-informed fiduciaries make better-informed decisions that strengthen governance, improve oversight, and reduce risk.