The Annual Fiduciary Checklist

Regency's Annual Fiduciary Checklist is a structured framework covering the full scope of ongoing plan sponsor obligations — from investment monitoring and fee benchmarking to participant notice delivery and plan document compliance. It is designed to give plan sponsors and investment committees a documented, repeatable process for demonstrating prudent oversight throughout the plan year.

The checklist covers four primary categories: (1) Plan Documentation — plan document current status, restatement cycles, and amendment coordination; (2) Investment Oversight — IPS compliance, fund performance review, share class review, and watch-list activity; (3) Administrative Compliance — required notice delivery, testing coordination, and DOL reporting; and (4) Vendor Oversight — service level monitoring, fee reasonableness assessment, and contract review.

The checklist is updated annually to reflect regulatory developments and is provided to Regency clients as part of the firm's ongoing engagement. Qualified plan sponsors may request access by contacting Regency directly.