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Clients often ask “How much does my employee benefit plan cost, and how do costs relate to compliance and risks?” Plan costs are often buried and difficult for plan sponsors to truly figure out. In order to meet their fiduciary responsibilities, plan sponsors must ensure they “pay only reasonable plan expenses…” among other things. Plan sponsors take on substantial personal risks. As a decision-maker, you are a fiduciary, personally liable for the prudent management of someone else’s money. So, how can you best satisfy your legal obligations as a fiduciary?
AAFCPAs Wealth Management’s Kelli Grew, CFP®, Wealth Advisor and AAFCPAs’ Davide Villani, CPA, CGMA, Managing Director provide insight into how to identify plan expenses, comply with fiduciary responsibilities, and minimize risks.
This audio session was recorded live at AAFCPAs’ April 26th, 2018 Annual Nonprofit Educational Seminar. Slides may be downloaded by clicking the link below:
Watch this video clip (1 min 36 sec) for a summary; and then download the full audio of the session recorded April 26th, 2018 at AAFCPAs’ Annual Nonprofit Educational Seminar.