401(k) Plan Governance – Scott Fisher, CFA®, CFP®, Waverly Seattle
In this video from Scott Fisher, CFA®, CFP®, Institutional and Retirement Plan Advisor in the Seattle, Washington office of Waverly Advisors, LLC, he discusses the fundamentals of retirement plan governance and how 401(k) plans are overseen to protect participants’ interests.
Scott explains the historical origins of plan governance under ERISA, why these rules were established, and the key responsibilities plan sponsors and fiduciaries must uphold. He walks through core governance principles such as operating plans for the exclusive benefit of participants, ensuring reasonable and transparent plan expenses, maintaining proper diversification, and segregating plan assets from employer assets. He also highlights the “prudent expert” standard and the important role advisors often play in helping retirement committees meet their fiduciary responsibilities.
This educational video is designed to help both plan sponsors and participants better understand how retirement plans are structured, monitored, and governed in support of long-term retirement outcomes.
To Reach Scott:
Email: [email protected]
Phone: 206.537.5935
Waverly Advisors’ Seattle, Washington Office: https://waverly-advisors.com/offices/seattle-wa/
450 Alaskan Way S,
Suite 500, Seattle,
WA 98104
For important disclosures, please visit:
https://waverly-advisors.com/otherimportantdisclosure
Video recorded on: Monday, December 22, 2025
Music Credit:
Song: Olif — Be Yourself
Music provided by Vlog No Copyright Music.
Video Link: https://bit.ly/3u2ON9O