Retirement plan committees for 401(k) and 403(b) plans need to operate in the best interest of plan participants, according to Judith Rohr with Retirement Management Services. To that end, how the committee is organized makes a big difference in the outcomes of plan participants.

Committees serve an important role in making decisions for plan participants and their beneficiaries. RMS recommends that each committee member have a defined role on the committee. Organization is the key to keeping committees running smoothly.

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