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Retirement Committee Field Guide: The Basics of Retirement Committee Organization and Operation, Part 1

Mintz

Mar. 11, 2021
Recorded Online
Podcast

The purpose of the Retirement Committee Field Guide podcast is to educate retirement committee members and their advisors on committee composition, management, training, and best practices. Each month we interview a guest such as a retirement plan advisor or consultant committee member, or academic to provide insight on fiduciary basics, committee governance, emerging best practices, developing law, and related topics.

Episode 1: The Basics of Retirement Committee Organization and Operation – Part 1

Guest: Bob Clark, AIF®, Managing Director, Executive Compensation & Benefits, Marsh & McLennan Agency LLC | New England

In this inaugural episode in our series, Mintz’s Alden Bianchi interviews Marsh & McLennan Agency’s Bob Clark to explore the basics of retirement plan governance, with a particular focus on the following topics:

  • What a fiduciary committee is and why it exists
  • Who should be on the committee (and who should not)
  • How ERISA regulates plans, and the need for fiduciary governance
  • A description of “3(16),” “3(21),” and “3(38)” advisors
  • How retirement plan governance has evolved over time

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