CHICAGO, IL – Retirement Plan Advisors (RPA) recently participated as a featured presenter at the spring conference of the Government Finance Officers Association of New Jersey.
The conference brought together finance officers from municipalities across the state of New Jersey. RPA principals Ken Mergen and Zach Karas delivered the presentation “457 b Deferred Compensation: Best Practices for Administrators and Fiduciary Responsibilities.”
RPA presented best practices for management of 457 deferred compensation plans and strategies for mitigating the risk attached to plan sponsors’ responsibilities as legal fiduciaries.
“It was a pleasure to be part of the GFOA’s conversation about best practices for 457 plan management,” said Ken Mergen, Vice President of Group Retirement Plans at RPA. “In an environment of increasing competition and a changing legal landscape for the retirement plan industry, it’s important for plan sponsors to stay on top of current trends and to know their options.”
The recent launch of RPA’s new proprietary fiduciary program, SponsorPlus, highlights the timeliness of discussion around these issues. Demand for fiduciary support and protection is growing as plan sponsors continue to seek help managing the risks and responsibilities of operating retirement plans.
With the SponsorPlus program, RPA stands with the plan sponsor as a co-fiduciary on the plan, providing investment advice from an independent Registered Investment Advisor as well as a level of fiduciary protection for the selection and monitoring of investment options.