Minimize Fiduciary Liability Fiduciary LiabilityThe Department of Labor (DOL) estimates that six out of 10 retirement plans are out of compliance with DOL requirements. Further, the DOL estimates that on average, it takes over $200,000 per out of compliance plan to make the proper corrections and bring it back into compliance.It gets worse, you may be held personally financially liable, as a fiduciary of the plan, to bring it back into compliance!!! Plan sponsors, trustees, investment committee members, and others are all very likely to be considered fiduciaries to their organization's retirement plan. Over the past few years, the DOL has heightened its scrutiny with respect to fiduciary responsibility; accountability and penalties have consequently grown as underscored by recently effective mandates and increased litigation.Fiduciary Risk ManagementUnfortunately, that is at odds with the fact that you need to focus on running your business and driving shareholder value - period. The last thing you need is to be worrying about changing retirement plan regulations, let alone that you may have to personally fund corrections if you inadvertently miss something.Here at Stonebridge our focus is to keep you out of trouble and make compliance simple. We remove the worry and give you the confidence to focus on your business. We have helped countless companies mitigate or eliminate fiduciary liability concerns over the past decade through:Investment consulting and advisory servicesPlan governance servicesPlan health advisement servicesInvestment review of fund performance analysisFee review and analysisCompliance review and advisementBest practice process consulting and implementationWe focus on implementing a very structured process based on prudent fiduciary practices. Therefore you can be confident that critical components of an investment strategy are being properly implemented.At Stonebridge, we have staff that have obtained the Accredited Investment Fiduciary (AIF®) and Chartered Retirement Plan Specialist (CRPS®) designations. What this means is that you can be rest assured that we have the knowledge and the experience to help you mitigate fiduciary liability while implementing proper policies & procedures that address pertinent legislation and best practices. Stonebridge is so confident in our fiduciary liability services that we accept full fiduciary status under ERISA 3(21) and 3(38), where we equally share liability with you. For a complimentary fiduciary review at no cost, please click here.If you'd like more information, please complete the form on the right side of the page, call us at (855) 530-0500 or email us at firstname.lastname@example.org.