X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
group of men and women professionals Investment committees should document all meetings in the form of minutes as a record of the process used to arrive at each decision that is made. (Photo: Shutterstock)

Plan sponsors are tasked with a myriad of responsibilities as a fiduciary of their company’s 401(k) plan.  These responsibilities are almost always complicated and can have far-reaching consequences if not fully understood and sufficiently addressed.  Additionally, the decisions made and the policies implemented by the plan sponsor fall under hard scrutiny in the event of a Department of Labor audit. For these reasons it is in the plan sponsor’s best interest to form an investment committee to oversee the operations of their 401(k) plan.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.