401(k) Fridays Podcast

Thought it might be helpful to discuss a core retirement plan fiduciary concept, the duty to monitor.  To lend some muscle to the conversation I was excited to welcome back Jim Scheinberg, the Managing Partner and Founder of North Pier Fiduciary Management.  We kick off with one of the best explanations of what it means to be a fiduciary that I have heard and then we delve into the world what the fiduciary duty to monitor means, best practices for plan sponsors to follow and much more.  Jim also has some interesting points about how M&A in the retirement industry ties into monitoring, and some important differences between the roles of benchmarking, RFIs and RFPs.  Stick around for my wrap up this week to get an interesting story about one thing Jim and I had in common that we didn’t realize. Guest Bio Born and raised in the North Suburbs of Chicago, Jim Scheinberg came to Southern California in 1987 to pursue his B.A. in Political Science at University of California, Los Angeles. He achieved the Certifie