Page 102 - DCAC December 2024 Files

Fiduciary Education Topics

Introduction to Fiduciary Responsibility for Committee / Board Members

This 45-minute session is a starting point for retirement plan Board/Committee members and
provides an overview of their fiduciary responsibilities. The session is ideal for new
Board/Committee members and a great refresher for seasoned members. Topics include:

• Understanding the Risks Associated with Fiduciary Oversight
• Fiduciary Breach Litigation Related to Retirement Plans

o Recently Settled Litigation
o Recently Filed Claims

• Legal Requirements of Fiduciaries
• Revenue Sharing

• Managed Accounts
• Board/Committee Best Practices

• Overview of the Prudent Process

Following and Documenting a Prudent Process

Detailed explanation of the prudent process and Innovest’s methodical approach to managing
the same. Topics include:

• Meeting Agendas and Minutes
• Maintaining the Permanent Fiduciary File

• Prudent Process
• Analyze, Strategize, Formalize, Implement, Monitor

• Investment Menu Design
• Investment Policy Statement
• Investment Selection

• Ongoing Investment Monitoring
• Investment Attribution

• Fee Reviews
• Share Class Reviews

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