Fiduciary Duty Monitoring
408(b)(2) & 404(a)(5) Compliance
Comprehensive fiduciary duty monitoring, fee disclosure compliance, investment policy adherence, and prohibited transaction detection for ERISA plan fiduciaries.
Fiduciary Governance Features
Automated monitoring and documentation of all fiduciary responsibilities
408(b)(2) Disclosure Tracking
Service provider fee disclosure collection and reasonableness assessment
404(a)(5) Participant Disclosure
Automated quarterly participant fee disclosure generation and delivery
Investment Policy Monitoring
IPS adherence tracking and quarterly investment review documentation
Prohibited Transaction Detection
Real-time monitoring for party-in-interest transactions and ERISA violations
Fee Benchmarking
Comparative fee analysis against industry standards and peer plans
Fiduciary Certification
Annual fiduciary training attestation and certification workflows
Prudent Process Documentation
Meeting minutes, decision rationale, and audit trail maintenance
DOL Audit Support
Complete fiduciary file preparation and DOL investigation response
ERISA Fiduciary Duties Coverage
Core Fiduciary Duties
- Duty of Loyalty - Act solely in participants' interest
- Duty of Prudence - Exercise care, skill, and diligence
- Diversification - Minimize risk of large losses
- Follow Plan Documents - Comply with plan terms
- Pay Only Reasonable Fees - Fee benchmarking and monitoring
- Monitor Service Providers - Ongoing due diligence
- Avoid Prohibited Transactions - Party-in-interest rules
Disclosure Requirements
- 408(b)(2) - Service provider fee disclosures
- 404(a)(5) - Participant fee and investment disclosures
- Summary Annual Reports (SAR)
- QDIA Notices - Qualified Default Investment Alternative
- Safe Harbor Notices - Auto-enrollment provisions
- Blackout Period Notices - 30-day advance notice
- Benefit Statements - Quarterly for DC plans
- Investment Performance Data - Standardized returns
Strengthen Your Fiduciary Governance
Schedule a fiduciary assessment and discover how Kincaid IQ automates your compliance requirements.
Schedule Fiduciary Assessment