FAN Solutions for Employers

FAN services facilitates the due diligence required to provide personal advice that employees want and need and relieves employers of the personal fiduciary liability.

Use these tools to ease the burden of compliance with the requirements of the Pension Protection Act (PPA) of 2006!

 

Find advisers Pre-qualified advisers are available to employers nationally; find advisers that meet your specific needs. Learn more
Due Diligence Conduct independent due diligence on existing advisers. Learn more
Prudent Selection Obtain an independent review of current Fiduciary Advisers. Learn more
Annual Audit Learn about the details and costs of requesting an audit. Learn more
Meetings & Conferences Sign up for meetings and conferences to learn about how employers are using the features of PPA to improve employee benefits and reduce costs. Learn more


PPA requires prudent selection and periodic review...

Quoted from the Act: Nothing in subparagraph (A) shall be construed to exempt a plan sponsor or other person who is a fiduciary from any requirement of this part for the prudent selection and periodic review of a fiduciary adviser with whom the plan sponsor or other person enters into an eligible investment advice arrangement for the provision of investment advice referred to in section 3(21)(A)(ii).


PPA requires an independent auditor to...

Quoted from the Act: (A) conduct an annual audit of the arrangement for compliance with the requirements of this subsection, and (B) following completion of the annual audit, issue a written report to the fiduciary who authorized use of the arrangement which presents its specific findings regarding compliance of the arrangement with the requirements of this subsection.