k man Posted August 13, 2001 Posted August 13, 2001 A Plan Sponsor chooses not to hire an investment advisor or an investment consultant to assist in selecting investments, but rather appoints an investment/advisory committee (employees of plan sponsor) to select and monitor the investments. The plan has individual trustees that are also employees of the company. In this case the trustees are different from the committee. Clearly, the trustees are fiduciaries. The question I have is does selection, monitoring and evaluating investments make the members of the advisory/investment committee fiduciaries as well?
Jon Chambers Posted August 20, 2001 Posted August 20, 2001 Yes. Any other questions? Jon C. Chambers Schultz Collins Lawson Chambers, Inc. Investment Consultants
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