You've probably noticed the impressive collection of letters following our team members' names, and we couldn't be more proud of what they represent! Each designation reflects countless hours of study, comprehensive examinations, and an ongoing commitment to professional excellence, all in service of providing you with the highest level of expertise. Let's dive into this alphabet soup!
Behind every set of credentials is a deeper commitment to your success!
CPFA® stands for Certified Plan Fiduciary Advisor. It's a professional designation that focuses specifically on retirement plan fiduciary responsibilities and ERISA (Employee Retirement Income Security Act) compliance.
Core Focus:
The CPFA® designation is designed for financial professionals who advise on employer-sponsored retirement plans, emphasizing fiduciary duties and regulatory compliance under ERISA.
Key Topics Covered:
- ERISA fiduciary law and responsibilities
- 401(k) and other defined contribution plan management
- Investment selection and monitoring processes
- Plan governance and committee oversight
- Fee disclosure and transparency requirements
- Participant education and communication strategies
- Plan design and administration best practices
- Fiduciary liability and risk management
- Department of Labor regulations and compliance
- Plan audit and documentation requirements
- Prohibited transaction rules
- Investment policy statement development
Requirements:
Candidates must complete specialized coursework focused on retirement plan fiduciary standards and pass a comprehensive examination. The program emphasizes practical application of fiduciary principles in plan management.
Continuing Education:
The designation requires ongoing continuing education to maintain certification, ensuring professionals stay current with evolving ERISA regulations and retirement plan best practices.
Distinction:
The CPFA® is intended for financial advisors, plan consultants, retirement plan specialists, HR professionals, and others who serve as fiduciaries or advisors to employer-sponsored retirement plans.
This designation addresses the complex regulatory environment surrounding employer-sponsored retirement plans, helping professionals navigate their fiduciary responsibilities while serving plan sponsors and participants effectively. It's particularly valuable given the significant legal and financial risks associated with retirement plan fiduciary breaches.
As CPFA® designated professionals, Kevin Dick, Carrie Dick, Shane Keith, and Ryan Fanizza bring a deep understanding of the complex regulatory landscape governing employer-sponsored retirement plans. Their expertise ensures our clients receive informed, compliant guidance that safeguards fiduciary responsibilities while supporting the long-term success of both plan sponsors and participants.
Read Previous: