Transamerica Unveils Fiduciary Tool Kit

October 14, 2003 ( - Transamerica Retirement Services has released The Fiduciary Planning Kit to help retirement plan sponsors fulfill their fiduciary obligations.

The kit, an interactive guide, guides plan sponsors through their fiduciary process.   This is done through a workbook, interactive CD and time-sensitive online documents that are included in the kit, according to a news release.

The workbook explores the elements of establishing or restating a plan and helps sponsors maintain their fiduciary responsibilities once the plan is in place.    This is accomplished by guiding plan sponsors through the process of:

  • documenting their plan provider selection
  • designating a fiduciary
  • designing their plan
  • creating and documenting investment selection
  • employee communication
  • finalizing their plan.

Additionally, the workbook covers ongoing fiduciary review requirements such as annual compliance, quarterly investment reviews and annual investment reviews.