Fiduciary Education Curriculum
PSCA's ERISA Fiduciary Training Program is appropriate for members of fiduciary committees and other employees who have primary responsibility for the operation of their companies’ ERISA plans. The program is composed of four modules:
- Module 1: ERISA’s Vision of the Fiduciary Role
- Module 2: ERISA Decision-Making Framework
- Module 3: Selecting & Monitoring Service Providers
- Module 4: Fiduciary Communications with Participants
Each module is self-contained and can be taken independently. At the conclusion of each module, you must take a multiple question test to earn credit to receive your certification. You may take each module multiple times. All tests are pass-fail, and you must complete all four modules to earn your certification.
The curriculum has been developed by the PSCA in conjunction with plan sponsors, fiduciary consultants, and nationally recognized ERISA and employee benefit attorneys. This program is not intended as legal advice nor does it insulate the fiduciary from following industry-accepted rules for conducting due diligence or other practices of managing their plan. Outside consultants and attorneys play an important role in managing your plan and provide valuable opinion in helping you mitigate and manage your risks as a fiduciary.
In this program you will learn:
- Who is a fiduciary and why?
- Why is it not a great idea to have a member of senior management serve as a fiduciary to the plan?
- How do you select and monitor consultants, record-keepers, and outside investment consultants?
- What and when do you need to communicate to your employees and participants?
- When and how do you conduct a plan review?
- Where do you find the answers to your fiduciary questions?