As we step into 2025, it’s the perfect time to reflect, refocus, and resolve to enhance the governance of your company’s 401(k) plan. If you’re a member of your company’s 401(k) retirement committee, one of your top resolutions for the new year should be to review and strengthen your fiduciary process.

Why? Because ensuring your fiduciary responsibilities are met is not just about compliance—it’s about protecting your committee, your plan, and your employees’ futures.


2025 Resolution: Review Your Fiduciary Process

A fiduciary process review should be a cornerstone of your 2025 strategy. Here’s why this resolution matters:

  • Protect Your Committee: A well-documented and effective fiduciary process reduces liability and protects your committee members from potential risks.
  • Safeguard the Plan: Regular reviews help uncover vulnerabilities, ensuring your 401(k) plan remains compliant, efficient, and beneficial to employees.
  • Strengthen Oversight: A thorough review allows you to adopt best practices, ensuring your committee is proactive and well-prepared to meet its responsibilities.

How to Fulfill This Resolution

Set yourself and your committee up for success by committing to a fiduciary process audit in 2025. This is the most effective way to ensure you’re doing everything possible to protect your plan and its participants.

Key Steps in a Fiduciary Process Audit:

  1. Comprehensive Review: Evaluate all fiduciary processes, policies, and documentation to ensure they meet ERISA requirements.
  2. Benchmarking: Compare your practices against industry standards to identify areas for improvement.
  3. Risk Assessment: Identify legal, financial, and operational risks and develop strategies to address them.
  4. Actionable Recommendations: Implement clear, practical steps to enhance your committee’s effectiveness.

The Benefits of Keeping Your Resolution

Making this resolution a priority in 2025 offers lasting benefits:

  • Peace of Mind: Know that you’re doing everything possible to fulfill your fiduciary obligations and protect your committee.
  • Compliance Confidence: Stay ahead of ERISA requirements and regulatory changes.
  • Proactive Risk Management: Address potential issues before they become problems.
  • Enhanced Employee Outcomes: Ensure your plan is well-managed, efficient, and valuable to employees.

Why Partner with Comperio in 2025?

Comperio Retirement Consulting is your trusted partner in achieving fiduciary excellence. With our fiduciary process audit, you’ll gain:

  • Expert guidance from seasoned consultants.
  • A tailored review process specific to your plan’s needs.
  • Flexible, project-based support with no long-term commitment.

Make It Happen: Schedule Your Audit Today

Don’t let this resolution fall by the wayside. Take action today to protect your committee and your plan in 2025.

Click Here to Schedule a 15 Minute Meeting with a Comperio Consultant and start the new year with confidence in your fiduciary process.