As a plan sponsor, you have many responsibilities to ensure you are offering a competitive benefit and compliant with your fiduciary responsibilities. This includes managing administrative deadlines, understanding your plan’s investment menu, and keeping pace with the evolving regulatory environment. A modernized retirement plan benefit is important to the long-term success of your employees

Our 401(k) Advisor team kicked off the year with a webinar where a panel of industry professionals from Wilmington Trust and Fidelity Investments discussed these topics, and more.

Our panelists:

  • Dan Colluccio, Senior Retirement Plan Consultant, Wilmington Trust
  • Dr. Claus te Wildt, Senior Vice President, Capital Markets Strategy, Fidelity Investments
  • Lauren Mance, Institutional Client Services Investment Leader, Wilmington Trust

 For more information on key milestone and deadlines, please read What Plan Sponsors Should Do to Plan for the Year Ahead: A timeline of key milestones. Our employee benefit specialists assist plan sponsors seeking a retirement provider who can deliver local support with a personal touch. From plan design, evaluation, benchmarking, and fiduciary governance, we help plan sponsors navigate through complex retirement and regulatory challenges.  

 

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This webinar is for educational purposes only and is not intended as an offer, recommendation or solicitation for the sale of any financial product or service or as a determination that any investment strategy is suitable for a specific investor and is not intended to provide specific investment, legal, tax, or accounting advice for any individual. There is no assurance that any investment strategy will be successful. The information in this material has been obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. Opinions, estimates and projections constitute the judgment of the individual speakers. Facts and views presented in this report have not been reviewed by, and may not reflect information known to, or the opinions of professionals in other business areas of Wilmington Trust or M&T Bank. M&T Bank and Wilmington Trust have established information barriers between their various business groups.

3(21) fiduciary advisor – a paid service provider that gives investment recommendations but does not necessarily have discretionary authority to make the actual investment decisions. Instead, the 3(21) fiduciary advisor typically provides suggestions to the plan sponsor, who is free to accept or reject those recommendations and who must then execute the investment decisions for the plan. The plan sponsor and the 3(21) fiduciary advisor, therefore, share fiduciary responsibility. 3(38) investment manager – an investment manager who has been specifically appointed to have full discretionary authority and control to make the actual investment decisions. The manager may select, monitor, remove and replace the investment options offered under the plan. The 3(38) must acknowledge its fiduciary status in writing. Wilmington Trust, N.A.’s 401k Advisory Service utilizes the national database of retirement plan information from Pensionmark Financial Group LLC’s reporting system to provide retirement plan benchmarking and comparative vendor analysis to our clients and prospects. Wilmington Trust, N.A. has engaged Wilshire Associates Incorporated (“Wilshire”) to provide consulting services that support the advisory work we perform for our clients and prospects. Wilshire provides investment research and non-discretionary investment advice to Wilmington Trust to help us assess, monitor and review investment options that are available for use by our advisory retirement clients. Wilshire is neither an affiliate of Wilmington Trust, N.A. nor M&T Bank.

Wilmington Trust is not affiliated with Fidelity Investments.

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