The FIRE System is an innovative, web-based, fiduciary assessment/questionnaire for §401(k) Plan Sponsors.

It helps Plan Sponsors locate fiduciary and operational issues and become educated on the most important areas they must know since they are the “Ultimate Fiduciary”.  It also helps them to understand the responsibilities of all their service providers and facilitate communication with them. Fiduciary Review Assessment

  • F – Find the Issues
  • I – Investigate Solutions
  • R – Resolve the Issue
  • E – Educate

All that’s needed is a computer and internet connection.  For service providers, that means you can help your Plan Sponsor clients without either of you ever leaving your desks.

Created after hundreds of hours of conversations with Industry Insiders including Plan Sponsors, Third-Party Administrators, Investment Providers, Recordkeepers, and ERISA Attorneys.

This helps Plan Sponsors and Participants, but also helps Service Providers to differentiate themselves, increase client trust through leadership and reduce their and their Plan Sponsor’s risk.

Features Include:

  • For Traditional §401(k), §401(k)(12), or §401(k)(13)
  • Cost-Effective
  • Fast – Under 90 Minutes from Question 1 to “Action Plan”
  • Customized Questionnaires
  • Questions and Solutions Written in Plain English
  • Customized Online and Printed “Action Plan”
  • Comprehensive – Covers About All Aspects of a Plan Sponsor’s Responsibility
  • Covers Almost 100 DOL and IRS Regulations, CFRs, and Interpretations
  • Regulations Cited Are Linked to Cornell Law Website
  • 60-Day Access To Update Answers

Click here for a short video showing you How the FIRE System can Benefit Service Providers, Plan Sponsors, and Participants