X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

For many years, ERISA lawyers argued the merits of creating an investment policy statement for 401(k) plans. They debated whether a written IPS reduced fiduciary liability or increased it? In fact, the U.S. Department of Labor does not require one. On one side of the argument, some believe putting something in writing only provides one more piece of ammunition to supply the DOL. On the other side, there are those who feel outlining an investment due diligence process through an IPS, and then documenting its successful implementation, can reduce fiduciary liability.

Christopher Carosa

Dig Deeper

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.