The Pension Resource Institute has launched a fiduciary education program to help advisors respond to plan sponsors’ growing focus on regulatory compliance.
The firm’s new Governance-Model Administrative Procedures (G-MAP) is built around a 10-step process, and offers advisors a repeatable framework to help plan sponsors navigate regulatory requirements across four key areas of plan operations: service providers, administration, investments, and plan governance and documentation. G-MAP delivers access to an array of client-facing materials, including sample committee charters, regulatory factsheets, videos, and worksheets.
PRI also announced the release of a web-based compliance tool, G-MAP+, which incorporates G-MAP’s processes into a platform for gathering and retaining critical documents and information in the cloud. With G-MAP+, an advisor and plan sponsor can both log into the document storage system and upload relevant files. Advisors can also invite third parties to participate (a TPA or a record keeper, for instance), so that the third party can upload fee disclosures and other relevant documents.
More information is available by emailing [email protected].
