It’s the greatest cause of anxiety among plan sponsors, yet it’s so easy to address.
Tag "404(c)"
Here’s a quick overview of the most important facts surrounding key regulatory laws and rules, with some practical legal advice thrown in.
Diversification does not protect the investor when the entire asset class sinks. A recent study from Hewitt Associates suggests events may be placing plan fiduciaries in a historically precarious position.
A written Investment Policy Statement can act as the cornerstone to regulatory and legal compliance. With this written IPS, the fiduciary has documented the justification of the appropriateness of the institutionâs mission and investment objectives. From this, the fiduciary can better evaluate and monitor the institutional fundâs investment performance. Finally, the written IPS may act as a safeguard to reduce fiduciary liability.
Conducting a periodic plan diagnostic test is often seen as an easy way for the typical 401k fiduciary to reduce fiduciary liability. An ERISA plan trustee or fiduciary will usually hire an independent fiduciary consultant to conduct a comprehensive plan fiduciary diagnostic test. Here are five critical areas to consider.
FiduciaryNews Trending Topics for ERISA Plan Sponsors: Week Ending 3/29/13
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