52626 Posted July 30, 2014 Posted July 30, 2014 Under the terms of the plan document the Plan Administrator is the Named Fiduciary. The Named Fiduciary wants to establish a Retirement Committee ( made up of management and employees) to have the responsibility for monitoring the investments and plan operations. This would include the hiring and firing of the 3(38) Investment Manager, Recordkeeper and TPA. Can the Named Fiduciary, delegate this responsibility to the Retirement Committee and they and only they are responsible for their decisions and actions?
BG5150 Posted July 30, 2014 Posted July 30, 2014 It's still up to the Named Fiduciary to monitor the delegates. MoJo 1 QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
masteff Posted July 30, 2014 Posted July 30, 2014 http://www.dol.gov/ebsa/publications/fiduciaryresponsibility.html Kurt Vonnegut: 'To be is to do'-Socrates 'To do is to be'-Jean-Paul Sartre 'Do be do be do'-Frank Sinatra
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