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CitiStreet to Field Fiduciary Web Site
A CitiStreet news release said the Web site helps sponsors identify and manage fiduciary risk related to Employee Retirement Income Security Act (ERISA) roles, duties and governance requirements, and emerging legislation and regulatory guidance. CitiStreet also provides reporting and disclosure support.
The site is scheduled to go live by the beginning of 2008. The company said it will also continue to deliver fiduciary services through its plan sponsor Web site, Sponsor Connect.
PlanFIRST will also feature fiduciary guides for corporate and governmental sponsors and their counsels, compliance checklists, sample policy statements, sample disclosures, white papers, newsletters, and Webcast replays and transcripts.
“It helps plan sponsors with fiduciary support, reporting and disclosure of fees, service standards, and investment strategies. It guides them toward prudent and informed decisions for their plans and participants in all the key fiduciary areas,” said Sandy McCarthy, CitiStreet president, in the news release.
More information is at http://www.citistreetonline.com.