The Core Fiduciary Duties

1.  Duty of Loyalty.  --  Act in good faith.  Serve participants best interest.  Avoid conflicts of interest.

2.  Duty of Care  --  ERISA Requires Plan Sponsors to make decisions as a Prudent Person who is knowledgeable in such maters would.  They must exercise professional competence and good judgement.  They must demonstrate prudence and diligence.

Fiduciary excellence is measured by ongoing usage of prudent process and procedures.


Planit teaches CEFEX certified coursework "Fiduciary Essentials for Qualified Plans".   

Many plan sponsors and investment committee members want to be more aware of their fiduciary duties and responsibilities. With increasing regulatory pressure to implement fiduciary standards of care, these plan fiduciaries can turn to Planits coursework offering Fiduciary Essentials® for Defined Contribution Plans (FEDC) to learn how they can improve their fiduciary decision-making process while minimizing liability.

  • Identify the function of plan sponsor fiduciaries and committees and the importance of managing responsibility. 
  • Illustrate the seven fiduciary precepts and the obligation of a plan steward. 
  • Apply the fiduciary precepts to fiduciary decision making process's.