Fiduciary Scorecard From Pentegra Can Help Measure Plan Success
The firm says it gives sponsors a way to document the fiduciary oversight process and provides assurances to senior management and boards that the plan is being managed properly.
Reported by
Pentegra Services has introduced the Fiduciary Scorecard, a tool to help defined contribution (DC) plan sponsors measure plan success.
It enables sponsors to document the fiduciary oversight process, to illustrate the value of their fiduciary oversight and ensure high standards of care.
As an institutional fiduciary, Pentegra assumes responsibility and liability for key plan tasks. The scorecard details the list of fiduciary tasks being completed for DC plans over the course of the plan year, helping to instill sponsor confidence that a plan is in good standing and meets all fiduciary requirements.
Pentegra launches pooled-employer plan pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.