The Investment Policy Statement is a legal plan document. It needs to be treated accordingly. This means to deliberate it with diligence before adopting it. Even when it is adopted, it must be regularly inspected and revised as needed.
Tag "Matt Ahrens"
![Who Is Generally Responsible For Designing, Detailing, And Approving The 401k IPS?](https://fiduciarynews.com/wp-content/uploads/2020/01/notebook-1525807-660x395-1-505x306_c.jpg)
There are many different types of plans, particularly when plan sponsors pick a 3(21) or 3(38) adviser. Which service provider arrangement a plan sponsor chooses impacts how the IPS will be constructed – and how the relevant parties contribute to that draft.
![To MEP Or Not To MEP? That is the SECURE 401k Question](https://fiduciarynews.com/wp-content/uploads/2019/12/which-way-1549661-660x395-1-505x306_c.jpg)
It’s important to remember that the 401k MEP is just a vehicle. Whether they truly meet the objective of employees saving more for retirement and doing so effectively and efficiently comes down to execution.