In this era of funding pressure, fiduciary security, and Sarbanes-Oxley compliance, the need for strong and smart oversight of retirement programs is greater than ever.

As more and more administrative functions are outsourced to third parties, documented procedures to ensure that services are performed in accordance with applicable contract terms and relevant laws are imperative.

This holds true for both U.S.-based and global retirement solutions. Buck works closely with our clients to develop and deploy controls and processes that are tailor-made to our client’s needs.

• Fiduciary education and training
• Committee structure and process design
• Operational compliance reviews
• Process review and documentation
• Global governance process and tools
• ERISA 404(c) reviews

A leading global financial services company needed help with its fiduciary oversight and process. Working collaboratively with the client’s counsel, Buck developed a comprehensive education program that documented an entire annual process and cycle that included specific calendars, required events, and reporting protocols.

The company embraced Buck’s recommended approach and, using the U.S. program as a template, implemented the approach in every country location that offered retirement programs.