Xponential Growth Solutions and ERISA Smart have collaborated to create and launch Fiduciary Education.
Fiduciary Education is an online learning and certification hub for retirement plan sponsors and fiduciaries. With the program, students will learn directly from David Donaldson, former senior Department of Labor (DOL) investigator and CEO of ERISA Smart.
“Fiduciary education must be a priority for plan sponsors. It will help them navigate the complexities of fulfilling fiduciary responsibilities. During my time at the DOL I found that most plan sponsors were not aware of their responsibilities and the personal risk associated with managing their plan. It is what you don’t know that gets you in trouble during a DOL investigation,” says Donaldson. “The course is relevant for any business owner, CFO, or HR professional of any plan size. Students learn about topics covering fiduciary responsibilities, hiring and monitoring service providers, and understanding fees.”
The course is $375 and students can receive SHRM and HRCI credits upon the completion of the course. “There are very few options for plan sponsors to receive fiduciary education and many of these options are expensive for your average plan sponsor. We priced this so even a start-up plan could take advantage of it,” Donaldson tells PLANADVISER.
He added that Fiduciary Education is also available for plan sponsors from several advisers, recordkeepers and defined contribution investment only (DCIO) firms. Plan Sponsors who are interested in this can go directly to www.fiduciaryeducation.com or speak with their current adviser about getting access to the course.