401(k)/403(b) Firm Fiduciary Checklist

The Prosperity Pledge

As your 401(k) or 403(b) Firm Fiduciary, Prosperity pledges to…

1. Recommend that your Record Keeping Platform offer (3)21 Protection.
2. Recommend that your Record Keeping Platform employ outside (3)21 or (3)28 Fiduciary Tools from either Wilshire, Mesirow or Morningstar.
3. Offer additional (3)21 Fiduciary Protection by:

• Monitoring investment options no less than annually and providing analytical reports to your Investment Committee
• Recommending changes to plan investment options when needed.
• Monitoring participant activity
• Educating employees in both groups and individually, one to four times annually as needed
• Preparing a customized Investment Policy Statement
• Analyzing the Target Date Funds for QDIA protection
• Providing a service agreement clearly outlining services, expenses, fiduciary status and conflicts of interest
• Benchmarking your plan against the industry peer group every 3 years as required by the Department of Labor’s 408 (b)(2)
• Reviewing plan documents for suitability
• Providing and implementing an Education Policy for your plan
• Consistently interfacing and communicating with Plan Sponsors on all levels

DISCLAIMER: Advisory Services offered through Prosperity Financial Group, Inc., an Independent Registered Investment Advisor. Securities offered through Fortune Financial Services, Inc. Member FINRA/SIPC. Prosperity Financial Group, Inc. and Fortune Financial Services, Inc. are separate entities.