What It Takes to Meet Your Retirement Plan Fiduciary Responsibilities in 2022
The last two years have broken records for fiduciary litigation against retirement plan sponsors, but this does not have to be your fate. If your company sponsors a retirement plan, be sure to join us to hear answers to the following top five fiduciary questions of 2022:
- Why is fiduciary education so important?
- What does it meet to be a fiduciary?
- How can I avoid personal liability and ensure my responsibilities are fulfilled?
- Can any of these responsibilities be outsourced?
- What’s new in Washington that will impact my company’s retirement plan?
Learning Objectives:
- Identify who is considered a fiduciary to your organization’s retirement plan.
- Understand the duties of a retirement plan fiduciary.
- Learn how to partner with prudent experts to help you meet your own fiduciary responsibilities.
- Outline strategies for meeting fiduciary duties including investment policy development, ERISA safe harbors and timely topics such as cybersecurity and target retirement date fund selection
Kristen M. Koluch, CFA , CFP
Kristen has dedicated her career to helping people prepare for the most significant milestone in life – retirement. She helps corporate plan sponsors and their retirement, investment and finance committees meet their fiduciary responsibilities; and strives to help their employees and beneficiaries make meaningful progress toward their financial goals. Kristen is co-head of the investment committee and leads the portfolio research team for her team’s institutional clients.
She also leads her team’s Women & Investing initiative. She understands that female investors often face a complicated financial situation, balancing the roles of mother, daughter, wife, grandmother, colleague and friend – while putting their own needs last. As part of this initiative, she plans and hosts educational events for female investors.
As a Chartered Financial Analyst®, Kristen holds one of the world’s most respected and recognized investment designations, giving her the skills needed for high-level, specialized asset-management responsibilities, including security analysis, portfolio management and business reporting. In 2020, Kristen obtained her CERTIFIED FINANCIAL PLANNERTM certification, demonstrating her commitment to her profession.
Prior to joining Raymond James in 2015, she worked at Merrill Lynch as a financial advisor for over twelve years and has prior experience as an investment banking analyst. Kristen maintains Series 7, 63, 66 and Life, Accident, & Health Insurance licenses. She graduated magna cum laude from Georgetown University and currently resides in Congers, NY.
Kevin Mahoney, CIMA
As founder of Corporate Advisors Group, Kevin Mahoney joined Raymond James as a Managing Director, Investments and Senior Institutional Consultant in 2015. Kevin brings over 25 years’ experience in the financial services industry. His areas of expertise include fiduciary risk management, ERISA issues, qualified and non-qualified retirement plans, liability driven investing, philanthropic services, employee education and communication.
Kevin led the launch of SHRM 401(k) Solutions by Raymond James. SHRM 401(k) Solutions by Raymond James offers fiduciary investment advisory services to SHRM’s ecosystem. We help employees make meaningful progress towards their financial goals and employers meet their fiduciary responsibilities.