A few weeks back we explained how dangerous outdated language may be hiding in your 401(k) plan’s investment policy statement (IPS). Last week we outlined how a 401k plan sponsor should construct an appropriate IPS. These well-articulated and reasoned articles are just fine, but we’ve discovered humor often yields more effective results than straight logic. In that vein, we present the Top 10 reasons every 401(k) plan needs an updated investment policy statement:
#10: An IPS integrates and allows you to remain focused on your corporate Vision and Mission statements – Seriously, where else do you use these things, anyway?