Compliance Assurance for ERISA Plan Sponsors

The Department of Labor’s new fiduciary rule requires investment advisors to comply with Impartial Conduct Standards.  Those standards were established by the rule, which was finalized on April 5, 2017.

ERISA plans that are served by advisors that fail to meet the standards incur prohibited transaction status that carries fines, excise taxes, and potential plan disqualification.

Investment firms that qualify for FSMA’s compliance endorsement under FSMA’s Procurement and Risk (“PAR”) rating program are able to provide vital assurance to executives that hire and manage their retirement plan’s vendors.

If your ERISA plan’s investment advisor is not FSMA rated, it should be!

Check out FSMA’s PAR program for yourself.

Not a member yet?


Author: fsma

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