Plan sponsors have fiduciary obligations to their plan participants. Fulfilling those obligations is a long-term endeavor that requires up-to-date knowledge and an ongoing commitment to ensuring compliance and documenting decision-making. Executing these responsibilities and avoiding liability can be burdensome.

At Bridgehaven, our team understands that most retirement plan sponsors and committee members – those most likely to have fiduciary obligations under the law – are not experts on the various legal requirements or asset management. We provide our clients with a variety of administrative oversight services that can alleviate these burdens.

These services include:

  • Hardship distribution withdrawal and QDRO determinations
  • Discrimination Testing and Form 5500 review
  • Compliance testing support
  • Annual IRS/DOL audit support
  • Required notice and fee disclosure compliance