401(k) Plan Governance – Scott Fisher, CFA®, CFP®, Waverly Seattle
Scott Fisher, CFA®, CFP®
February 12, 2026
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.
Music Credit:
Song: Olif — Be Yourself
Music provided by Vlog No Copyright Music.
Video Link: https://bit.ly/3u2ON9O
IMPORTANT DISCLOSURES
The information presented in this document is for general informational and educational purposes and is not specific to any individual’s personal circumstances. Nothing in this document constitutes, or shall be relied upon as, investment, legal, or tax advice to any person. The information in this document is provided effective as of the date of its publication, does not necessarily reflect the most current status or development, and is subject to revision at any time. Investing involves risk, and past performance does not necessarily predict future results. None of Waverly, or any of its officers, members, or affiliates, in any way warrant or guarantee the success of any action that anyone may take in reliance on any statements or recommendations in this document.
Waverly Advisors, LLC (“Waverly”) is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Waverly, including investment strategies, fees and objectives can be found in Waverly’s ADV Part 2A Brochure and Form CRS (Customer Relationship Summary), available at https://waverly-advisors.com/.
You should not assume that any information provided serves as the receipt of, or as a substitute for, personalized investment advice from Waverly. This information should be used as a reference only.
Scott Fisher joined Waverly Advisors in September 2025 and serves as Institutional and Retirement Plan Advisor following the acquisition of Pacific Portfolio Consulting, LLC. As an Institutional and Retirement Plan Advisor, Scott works with businesses, organizations, and retirement plan sponsors to design, implement, and manage retirement plans. Scott provides fiduciary guidance, support investment oversight, and help plan participants make informed decisions to achieve long-term financial security.
