Fiduciary Responsibility for Plan Sponsors

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Today’s trustees and benefit plan sponsors face personal liability, complex laws and regulations, lack of fee transparency, conflicts of interest, and increased scrutiny by investors and regulators. AAFCPAs’ Davide Villani provides insight into key risk management considerations for Nonprofits, including an overview of common benefit plan deficiencies putting employers at risk. 
This podcast will answer:

  1. Who are your plan fiduciaries?
  2. What requirements do fiduciaries have under ERISA?
  3. Can fiduciary liability be shifted to others?

This audio session was recorded live at AAFCPAs’ May 3rd, 2017 Annual Nonprofit Educational Seminar. Attendees also received this proactive Fiduciary Responsibility Checklist.  Slides may be downloaded by clicking here. >>
Watch this video clip (1 min 32 sec) for a summary; and then download the full audio of the session recorded May 3th, 2017 at AAFCPAs’ Annual Nonprofit Educational Seminar.

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About the Author

Davide Villani CPA
Davide is a leader of AAFCPAs’ specialized Employee Benefit Plan Audit & Consulting Practice with extensive expertise in ERISA standards. He provides meaningful audits, done efficiently by a dedicated employee benefit plan audit practice within a 300-person CPA & consulting firm, and with access as needed to the resources of PrimeGlobal, the 4th largest CPA firm network globally. He audits and advises plan sponsors on ERISA compliance requirements, including those associated with administering 401K, 403B, Defined Benefit, and Health & Welfare Plans. He provides proactive guidance to retirement plan fiduciaries, which helps to protect the financial integrity of employee benefit plans. He reviews the Form 5500 to confirm that investments reflect accurately in the financial information, and that you are operating the plan confidently in compliance with ERISA reporting and fiduciary requirements.