Retirement Fiduciary.png

acting in your best interest

Helping a Government Plan Committee Understand Their Role as a Fiduciary  

We were hired by a large local government offering a 457 supplemental retirement plan with multiple providers. The Plan was governed by a mostly appointed Committee that lacked an understanding of their roles and responsibilities.

Innovest successfully built Committee consensus and ownership for actions necessary to improve the Plan to meet the identified participant’s needs and improve engagement. Additionally, the Committee members better understood their commitments as fiduciaries to the Plan through education workshops and training. Lastly, we developed a more focused Request for Proposal, with a well-defined Statement of Work structured to provide proposals specific to the goals and objectives of the Committee’s strategic plan to enhance the 457 supplemental retirement plan.