NYLIM Unveils Fiduciary Education Campaign

March 27, 2003 (PLANSPONSOR.com) - Plan sponsors who may not be clear on their many and varied responsibilities as fiduciaries could get a better picture through a new education program offered by NYLIM Retirement Plan Services.

Among the educational materials now available is a booklet that defines fiduciaries and their roles and responsibilities, and includes suggested steps to reduce risk.    The program also includes a new quarterly training series for plan sponsors on fiduciary issues, and various sample templates such as investment policy statements and pension committee meeting minutes.  

Under ERISA, an individual is a  fiduciary if he or she provides management, investment advice, or administration to a retirement plan.