FEI Puts Out Web Fiduciary Training Module

March 31, 2005 (PLANSPONSOR.com) - Financial Executives International (FEI), a trade group for senior financial executives, has unveiled a new Internet-based ERISA fiduciary governance training course for retirement plan fiduciaries and plan service providers.

The course was developed for FEI by Denali Fiduciary Management Corporation of Seattle, a fiduciary governance and training advisory firm. The course is a video-based, interactive risk management tool that provides a look at corporate executives’ fiduciary requirements, individual and corporate responsibility and liability, and a best practices approach to plan governance policies and procedures.  

According to the company, the knowledge gained from the training will:

  • Illuminate dysfunctional behaviors that generate liability
  • illustrate the fiduciary connections between ERISA and the Sarbanes-Oxley Act
  • provide examples of a highly effective governance structure
  • provide solutions for the systematic documentation of procedural prudence
  • allow for a higher quality of fiduciary decisionmaking
  • reduce executive and board member exposure to fiduciary liability risks once completed.

The goal of the FEI/Denali training course is to elevate fiduciary conduct to the highest levels and protect the fiduciaries and the company’s Board of Directors,” said Colleen Cunningham, President and CEO of Financial Executives International.

The training was developed based on Denali’s Fiduciary Assistance & Compliance Systems (FACS) a solution to ERISA fiduciary governance and retirement plan management.Denali Fiduciary Management is an advisory firm specializing in retirement plan governance.

During the course, several interactive quiz sections review the knowledge gained from the presentations.   The training is designed to be completed in 4-5 hours with the trainee’s ability to start and stop the course at will.  

The course is available at http:// www.FEI.org/erisa/ .