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Fiduciary Supply Management Association


Concerned about the importance of acquiring services prudently for ERISA qualified employee benefit plans, organizations that sponsor those plans have joined with IFLC to advance professional procurement methods for buyers of ERISA plan services.

The Fiduciary Supply Management Association (“FSMA”) is a national association serving the specialized needs of organizations that sponsor programs qualified under the Employee Retirement Income Security Act (“ERISA”).

FSMA is the first organization to establish procurement guidelines for programs that cast a fiduciary duty on the sponsors of those programs. FSMA is a knowledgeable and efficient community of buyers.

FSMA’s procurement guidelines embrace each of the major categories of vendors including such services as:

  • investment advice;
  • pension consulting;
  • recordkeeping;
  • third party administration; and
  • custody of an employee benefit plan’s assets.

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