Wachovia Produces Fiduciary Info Product

March 10, 2005 (PLANSPONSOR.com) - Wachovia Retirement Services has rolled out a fiduciary "tool kit."

A Wachovia news release said that the product’s contents include more than a dozen checklists, articles and tools addressing fiduciary issues such as:

  • investment selection
  • following and documenting prudent compliance procedures
  • structuring investment committee meetings
  • retaining records
  • using DOL and IRS correction programs
  • locating missing participants.

“We are helping to make it easy for sponsors to stay on track with their fiduciary responsibilities and are pleased to be able to bring sponsors a convenient source of tools and information concerning fiduciary duties and responsibilities,” said Larry Goldbrum, Senior Vice President and Chief Risk Officer for Wachovia Retirement Services.