Maximize Fiduciary Protection

Much is expected of you as a fiduciary. The members of Shepherd Financial are knowledgeable in these legal obligations and are committed in writing to acting as a fiduciary while also providing education, guidance, and helping reduce your fiduciary liability.

Plan Benchmarking
ERISA fiduciaries have a legal obligation to make certain all plan fees and expenses are “reasonable” considering the level and quality of services being provided. The Shepherd Financial benchmarking process evaluates every cost associated with your plan against appropriate peer benchmarks so you have documentation you are following a prudent process and meeting your fiduciary responsibilities.

Evaluation of Service Providers
Shepherd Financial will help create an independent and unbiased provider comparison based on criteria unique to your corporate goals and objectives. Our process helps streamline, validate, and document your selection of the best service provider for your situation. Once you have made your decision, we help manage the conversion process.

Industry Trends and Regulations
As rapidly as the regulatory environment changes, Shepherd Financial provides crucial legislative updates to keep your plan compliant. Keeping our clients abreast of and helping you implement the latest plan design features will allow your participants the capacity to maximize their retirement outcomes.

Fiduciary Training
Shepherd Financial offers ongoing fiduciary training to help you become better prepared to face your specific fiduciary duties. Our training focuses on your roles and responsibilities, the selection and monitoring of service providers, communications with your participants, and how to deal with heightened scrutiny from the Department of Labor.

Annual Fiduciary Checklist
Shepherd Financial provides a comprehensive checklist to remind you of important deadlines and ensure you do not overlook any fiduciary responsibilities.

Fiduciary Vault
We maintain an organized, documented, and secure fiduciary record of all your decisions to ensure protection of the plan trustee(s). This vault allows quick access to plan information for everyday reference and compliance audits.

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