You don't have to have an Investment Policy Statement for your401(k) plan. It's a blade that can cut both ways. Writtenwell, an IPS offers a template to easily protect both theplan sponsor and the plan participant. Written poorly, it exposesthe plan sponsor to unnecessary liabilities.
Whether the IPS is crafted well or poorly will depend on who'sdoing the crafting – and who's not, (see "Who Is Generally Responsible For Designing,Detailing, And Approving The 401k IPS?" FiduciaryNews.com,January 30, 2020).
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.