New Service Helps Fiduciaries Assess Investment Offerings

Kelley Drye&Warren LLP, an international law firm, and Rocaton Investment Advisors LLC, an independent investment advisory firm, have announced a new offering for 401(k) plan fiduciaries.

The Plan Fiduciaries’ ERISA Compliance Investment Assessment provides insight into a range of issues that plan fiduciaries must address, including the need to offer investment alternatives with materially different risk and return characteristics, guidelines for preparing an investment policy statement (IPS), monitoring investment performance, and more, according to a press release.

The service will be provided by Kelley Drye & Warren LLP, which has a practice group dedicated to advising clients on employee benefits and executive compensation issues.

“Substantial losses incurred by 401(k) accounts, a rise in class action lawsuits against fiduciaries for losses incurred by plans, and the Department of Labor’s attention to fees and expenses paid out of plan assets has intensified the pressure on plan fiduciaries to be extra cautious about their obligations under ERISA. Undertaking a compliance assessment is a prudent step to take,” said Richard Chargar, co-chair of Kelley Drye’s Employee Benefits and Executive Compensation practice, in the announcement.

More information is available at