Retirement Plan Expert asks Companies, "Are you Prepared?"

Boca Raton, FL September 23, 2004 -- Global Fiduciary Advisors, LLC, one of the nations few independent Fiduciary Consulting companies, is dedicated to helping employers avoid becoming a retirement plan statistic. During 2002 - 2003, according to U.S. Court Records, there were over 11,000 civil suits filed involving qualified retirement plans. Many legal experts have stated that mutual fund fees most likely will be the focus of the next generation of ERISA class action lawsuits. "Companies which sponsor retirement plans should be prepared to demonstrate that the fees paid by their participants are fair and equitable," according to Robert Bent, President of Global Fiduciary Advisors.

Mr. Bent added, "Today many companies do not know the level of fees being absorbed by the participants of their retirement plans. Several fees are not readily apparent since they are paid in the form of an indirect charge to a participant's account or to the plan since they are deducted directly from investment returns".

"These are tough times for companies trying to offer their employees decent retirement benefits at reasonable costs and still comply with the complexity of the laws relating to qualified retirement plans. Most small and medium size companies don't have the expertise on staff to conduct a thorough benefit plan review. Today's staff is too busy administering the existing plans and answering employees' questions to create a defensible investment and administrative process," says Bent.

Today more and more companies are turning to consultants to ensure plan compliance. Global Fiduciary Advisors has designed a thorough process to assist employers in creating an effective fiduciary oversight process. Global Fiduciary Advisors is one of the few firms to offer this expertise for both domestic and international plans. They also assist employers with plan design, communications, investment performance monitoring, vendor selection and evaluation.

To request a complimentary copy of Global Fiduciary Advisors' quarterly Fiduciary newsletter or for more information about how Global Fiduciary Advisors can help your company, call (561) 852-3979 or email to info@globalfiduciaryadvisors.com.

Global Fiduciary Advisors is an independent consulting firm which provides Fiduciary Consulting and Education services.

CONTACT INFORMATION:
Ann Marie Fahey
Global Fiduciary Advisors, LLC
Phone: 561-852-3979
Fax: 561-892-5809
Email: info@globalfiduciaryadvisors.com





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