Any organization that sponsors a retirement plan qualified under the Employee Retirement Income Security Act ("ERISA"), or any retirement plan sponsored by a municipal or state government for public employees, is eagerly embraced within IFLC's pension plan community.
Benefits to Members
ERISA Fee Disclosure Compliance Standard
IFLC's members have access to the ERISA Fees and Conflicts Standard. Developed by a task force of stakeholders in the ERISA community, the Standard provides IFLC's members with specific steps to use for complying with the Department of Labor's Regulation 408(b)(2). The Regulation was effective in 2012 and requires that plan sponsors prove the fees their employees pay for services are "reasonable."
The Online Retirement Plan Fiduciary Link
Members may participate as frequently as daily in a Web-enabled content rich network that fosters interaction with their peers. The Retirement Plan Link is a great way to find out how other members solve common fiduciary issues. It is member driven with message postings that contain subject matter drawn from a pension plan sponsor's perspective. It fosters community and enhances competency. Pension plans of all sizes benefit from this practical on demand tool.
Fiduciary Fitness Rankings™ of Service Providers
Ever wonder how service providers such as investment firms, third party administrators, custodians, and trustees that serve pension plans stack up against authentic fiduciary support standards? IFLC does it for you. IFLC develops scores on thousands of such service providers with continual updates. Help meet your duty under ERISA to monitor your service providers with Fiduciary Fitness Rankings. It makes it easier to be a fiduciary!
GetSMART™ Fiduciary Training
Stewardship Methods and Responsibility Training is the SMART in GetSMART. The U.S. Department of Labor believes the lack of properly trained people who serve as fiduciaries is a major problem. GetSMART solves it. Thorough, interactive, and fun, GetSMART makes fiduciaries more competent and comfortable in their role. Web-enabled and self-paced, it makes training easy. It comes with a certificate of completion.
Led by an industry expert, Fiduciary Roundtables are periodic on location events that represent an opportunity for pension plan sponsors to share ideas and experiences with one another on key topics in nearby locations.
Keep current with practices and standards development that affect the way stewards of retirement plan accounts manage their fiduciary duty.
Take Your Place in IFLC's Pension Fiduciary Community
Improve your effectiveness during the time you spend overseeing your organization's retirement plan.
IFLC is your best source for fiduciary standards and guidance on how to apply them.