A discussion on fiduciary responsibilities and opportunities for 401(k) plan sponsors

Date: Wednesday, September 19, 2018
Time: 12:00pm - 1:30pm
Location: Country Club of Jackson
Speaker: Paul R. Dowd, CIMA

A discussion on fiduciary responsibilities and opportunities for 401(k) plan sponsors.

  • What makes a person a plan fiduciary?
  • Your legal obligations as a plan fiduciary
  • The levels of fiduciary outsourcing opportunities for retirement plan sponsors known as 3(21) and 3(38)
  • Outsourcing opportunities for Investment Menu design
  • The benefits and challenges for plan sponsors who offer Customized Managed Accounts


Paul R. Dowd, CIMA®

Senior Regional Sales Director

Morningstar Investment Management, LLC

Paul Dowd is a Senior Regional Sales Director for Morningstar Investment Management, LLC, a registered investment advisor and wholly owned subsidiary of Morningstar, Inc.  He is responsible for presenting retirement plan sponsor advice services and participant advice services to consultants, providers, plan sponsors, and participants.

Prior to joining Morningstar Associates in March 2008, Dowd was a Relationship Manager for DWS Scudder for five years. He also worked for Charles Schwab for seven years as an education consultant covering the entire country. Dowd has conducted well over 5,000 meetings throughout his career. Prior to joining Schwab, he worked in the retirement industry for The Guardian Insurance Company and New York Life Insurance Company.

Dowd holds a bachelor’s degree in business/finance from the University of Illinois. He previously held Life and Health Insurance licenses as well as FINRA Series 7, 63, and 65 licenses. Dowd also holds the Certified Employee Benefits Specialist (CEBS) designation. He was on the Plan Sponsor Council of America’s Education and Communication Committee 2003 through 2006.

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