There's that old saying "You can't see the forest for thetrees." While the trees may prevent you from seeing the bigpicture, it's the weeds that trip you. The devil is in the detailswhen it comes to a 401(k) investment policy statement (IPS). Thosedetails are like weeds. Not only can they grow prolifically, butthey can be the very thing that trips you up.
Before getting into the weeds of the IPS, it's critical you gobeyond them, indeed, well beyond even the trees. Picture your IPSas a vast forest, an ecosystem that expresses theinterconnectedness of your 401(k) and guides it to its ultimate goal (see"5 Critical Elements Every 401(k) IPS Must Containto Achieve Its Primary Purpose," FiduciaryNews.com, January 14,2020).
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