Fiduciary Governance Services
Managing Corporate Retirement Plan Risks
With a tightening regulatory environment, fiduciary responsibility and management has become more critical.
To help plan sponsors manage their fiduciary obligations, we are available to assist with your compliance in all aspects of corporate retirement plan operation, from administration to plan design and education. Our ongoing communications will keep you updated on fiduciary developments and provide guidance on how to meet your fiduciary obligations.
Most companies that offer a retirement plan do not realize the fiduciary responsibility held by the individuals who make decisions initially to offer the plan or manage it on an ongoing basis. These retirement plan fiduciaries can be personally liable for losses in the plan that result from a breach of their legal duties as defined under ERISA (the Employee Retirement Income Security Act of 1974- the body of law governing most retirement plans).
At Aldrich Wealth, we have developed Total Fiduciary, a six-step process for establishing a comprehensive fiduciary governance program in a plan. Total Fiduciary provides you an unbiased, third-party assessment of your existing fiduciary governance structure, identifying key areas where fiduciary risk can emerge, and then offering a customized roadmap for how your plan’s fiduciaries can better protect themselves from those risk areas.
Total Fiduciary Process
Step one
Establish fiduciary governance framework
Step two
Evaluate needs
Step three
Manage service providers
Step four
Manage administration
Step five
Manage investments
Step six
Monitor and maintain
Meet Our Professionals
President + CEO
Heather Wonderly, CPFA™, AIF®
Aldrich Wealth LP
As President and Chief Executive Officer of Aldrich Wealth, Heather Wonderly leads the firm with a steadfast commitment to delivering highly customized wealth management solutions. She is responsible for advancing the firm’s strategic vision, fostering a collaborative culture, and ensuring clients continue to receive the exceptional service and guidance that define the Aldrich Wealth experience. Guided by a client-first… Read more Heather Wonderly, CPFA™, AIF®
Heather's Specialization
- Executive leadership
- Certified Plan Fiduciary Advisor (CPFA™)
- Series 7 and Series 66 security exams
- Accredited Investment Fiduciary (AIF®)
- Fiduciary oversight
Director of Corporate Retirement Plans
Kathy Peterson, CPFA™, AIF®, CRPC®
Aldrich Wealth LP
Kathy Peterson has been leveraging her 20+ years of experience in the financial and retirement plan industry at Aldrich Wealth since 2019. Throughout her career, she has served as an investment advisor, education consultant, and as a plan administrator and fiduciary. Her experience working with thousands of participants as they plan for and reach their… Read more Kathy Peterson, CPFA™, AIF®, CRPC®
Kathy's Specialization
- Corporate retirement plans
- Participant education
- Certified Plan Fiduciary Advisor (CPFATM)
- Chartered Retirement Planning Counselor (CRPC®)
- Accredited Investment Fiduciary (AIF®)
