Case Study Highlight
As a result of a thorough fiduciary review, Westminster Consulting was able to install a basic fiduciary framework under ERISA guidelines and reduce overall costs by 35%.
Plan Sponsor Challenge
The U.S. operation of a foreign-owned organization was concerned how well their fiduciaries were fulfilling their fiduciary responsibilities.
Westminster Consulting was engaged to perform a Fiduciary Review to assist the benefits committee in analyzing how well they were fulfilling their “fiduciary standards of care”, and how their decision-making practices and investment activities demonstrate procedural prudence.
The review was conducted following the guidelines detailed in “Prudent Investment Practices for Investment Stewards”, written by the fi360™.
Focus was placed on those practices...