The Fiduciary Compliance Blueprint is meant to provide fiduciary compliance reviews for retirement plan sponsors. This annual review, meant to assure plan sponsors that all appropriate procedures and processes are in place in order to fulfill their fiduciary obligations, will cover more than 100 specific points relative to a plan sponsor’s compliance with IRS and Department of Labor standards.
The fiduciary tool will join a larger suite of services offered by First Mercantile, including its Advisory Review Committee, which functions as a fiduciary for the purpose of selecting, replacing and monitoring of funds offered on the First Mercantile platform.
First Mercantile ( www.firstmerc.com ) is a subsidiary of National Commerce Financial Corporation, a $23 billion sales and marketing organization. ERISA Compliance Associates, LLC, provides fiduciary compliance reviews for plan sponsors.