Education

Welcome to Our Fiduciary Training Page! We are passionate about fiduciary responsibility and we want to help you learn your roles and responsibilities as a fiduciary. If you are interested in learning a little more, here is what you can do:

1. Watch this video on basic fiduciary responsibility.

Sheldon Smith, an ERISA attorney with Bryan Cave LLP, has been one of the country’s foremost continuing professional education instructors for thirty years. In his video below, Mr. Smith provides a summary of the duties imposed on plan fiduciaries and best practices fiduciaries should follow regarding plan governance.

Video Transcript

2. Take the Follow-up Quiz. Are you comfortable with the information presented by Mr. Smith? Take our five-question quiz and see for sure! Take the Quiz

3. If you’re very dedicated to your education, then read the DOL’s brochure: Meeting Your Fiduciary Responsibilities.

4. Review the ERISA Fiduciary Advisor, which provides information and answers to a variety of questions about who is a fiduciary and their responsibilities under the Employee Retirement Income Security Act (ERISA).

5. If you want to further improve your fiduciary expertise, take a comprehensive online training, Fiduciary Essentials^® for Investment Stewards, based on the work of the Center for Fiduciary Studies.^™

Fiduciary Training with fi360 will help you understand the more detailed responsibilities of plan fiduciaries, and provide greater insight into the legal framework that regulates the fiduciary experience. To help plan stewards more easily understand the seven precepts of a fiduciary, there are sections that explain: the roles of the different plan actors; the seven fiduciary precepts; how a plan fiduciary is to apply each precept; and how these precepts have played out in the legal and regulatory framework

Main issues in litigation and regulation are topics on our blog, and covered by plan sponsor-oriented media sources like PLANSPONSOR magazine and Benefits Pro. To keep yourself fully informed after taking this full training, these news sources are the best way to access information about current issues and regulatory changes.

Employee Education is an important part of developing financial literacy for your employees.  Castle Rock Investment Company provides live webinars on a quarterly basis to review the basic concepts necessary for the accumulation and decumulation (retirement) stages of their lives and answer questions they may have.

Below is a sampling of past webinars:

Target Date Funds Made Simple:  An overview of glide paths, fees, and how best to use a target date fund to achieve your retirement goals.
Click Here to Listen

Can I Rely on Social Security?:  An overview of the Social Security benefit formula, financial status of the program, and projection of future benefits.
Click Here to Listen

Retirement Paycheck:  Income Solutions:  Kelli Hueler, CEO and founder of Hueler Companies, provides an overview of guaranteed lifetime income, how to calculate your income gap, and how to obtain an annuity quote with no purchase obligation through Income Solutions®.
Click Here to Listen

Budgeting Strategies that Work!:  Carol S. Craigie, CFP, ChFC, MA, author of “The Psychology of Money” and founder of Fiscal Fitness Clubs of America provides an overview of practical tips on establishing and sticking to a budget.
Click Here to Listen

How Do I Create Monthly Income in Retirement?:  An overview of common retirement income strategies.
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Traditional versus Roth 401(k):  An overview of the difference between traditional and Roth 401(k) monies and the 5-year Roth “Clock”.
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The Basics of Asset Allocation:  An overview of the concepts surrounding asset allocation and the construction of target date fund glide paths.
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Replacing Your Income in Retirement:  An overview of replacement ratios, Social Security benefits, and target savings rates.
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