Philip J. Koehler, Esq. Launches New ERISA Sec. 3(16) Independent ERISA Fiduciary Firm and
Is Awarded Registered Fiduciary™ Certification from DALBAR, Inc.
NEWPORT BEACH, Calif.–(BUSINESS WIRE)–August 14, 2013 02:34 PM Eastern Daylight Time Philip J. Koehler, Esq., a highly experienced ERISA attorney, announced the launch of ERISA Fiduciary Administrators LLC (“EFA”). EFA is an independent fiduciary for employer sponsored retirement plans. “We offer plan sponsors the option of appointing a professional, outside expert to act as the official Plan Administrator, as defined in Section 3(16) of ERISA,” said Attorney Koehler, EFA’s CEO, “out-sourcing substantially all of the time-consuming efforts required to properly manage the plan and oversee all of the vendors providing administrative services. What makes us truly unique is that we accept the delegation of fiduciary responsibility that goes along with this role. Our work not only frees up the plan sponsor’s executives and staff who currently perform these functions and shelters them from fiduciary liability, it permanently lowers the total cost of maintaining the plan in many ways.” More information is available on the firm’s website http://erisafiduciaryadministrators.com.
Attorney Koehler also announced that he has successfully completed the training, validation and testing necessary to become a Registered Fiduciary™. The RF™ Certification is based on the 2010 Fiduciary Standards of the Fiduciary Standards Board and validated by DALBAR, Inc. The Fiduciary Standards Board is a not-for-profit organization established in 2000 to develop and advance standards of care for fiduciaries. The Registered Fiduciary™ (“RF™”) Certification recognizes Attorney Koehler’s particular skills in the area of ERISA fiduciary responsibility and governance.
“At a time when the public concern has been elevated by years of financial excesses and scandals, the RF™ validation process offers comfort in the knowledge that our firm has been found worthy of this distinction,” said Attorney Koehler, adding “we have always been dedicated to act as the watchdog over the administrative vendors hired to provide services to an employer-sponsored retirement plan. We ensure that each vendor provides only those services required to maintain the plan’s operational efficiency and its compliance with prevailing legal requirements. We are equally committed to monitoring the total fees paid to each vendor to ensure that it receives no more than reasonable compensation for its work. This award gives us independent confirmation of this policy.”
RF™ News Release
Philip J. Koehler, Esq. Awarded Registered Fiduciary™ Certification
NEWPORT BEACH, CALIFORNIA, August 7, 2013. Philip J. Koehler, Esq. has successfully completed the training, validation and testing necessary to become a Registered Fiduciary™. The Registered Fiduciary™ (“RF™”) Certification identifies financial professionals and organizations as competent fiduciaries that have achieved pertinent educational qualifications and licenses, learned required skills, and have passed a background check.
The RF™ award to Attorney Koehler recognizes his particular skills in the area of ERISA fiduciary responsibility and governance. In acting as a Registered Fiduciary™ he is committed to always acting in the best interest of clients, using the skills, ethics and focus on the client needs that the Certification represents.
The Registered Fiduciary Certification is based on the 2010 Fiduciary Standards of the Fiduciary Standards Board and validated by Dalbar, Inc., the independent expert. The Fiduciary Standards Board is a not-for-profit (501(c)(3)) organization established in September of 2000 to develop and advance standards of care for investment fiduciaries, which includes trustees, investment committee members, brokers, bankers, investment advisers, money managers, etc. The Fiduciary Standards Board is independent of any ties to the investment community and therefore positioned to be a crucible for advancing fiduciary standards throughout the industry and to the public.
Dalbar, Inc. is the financial community’s leading independent expert for evaluating, auditing and rating business practices, customer performance, product quality and service. Launched in 1976, Dalbar has earned the recognition for consistent and unbiased evaluations of investment companies, registered investment advisers, insurance companies, broker/dealers, retirement plan providers and financial professionals. Dalbar awards are recognized as marks of excellence in the financial community.