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New Year's Resolutions for Plan Fiduciaries
Bryan Cave LLP via Lexology; registration required
Jan. 2, 2013 "Obtain/review fiduciary liability insurance policies.... Practice procedural prudence.... Hold regular plan fiduciary/committee meetings.... Review, and if necessary revise, your plan's investment policy statement.... Monitor performance of investment funds and investment managers.... Review and monitor plan expenses and fees.... Consider an audit to ensure compliance with the ERISA 404(c) and qualified default investment alternative (QDIA) requirements.... Conduct a compliance review of your plan documents.... Consider hiring professionals and other service providers to help perform certain fiduciary tasks.... Provide fiduciary education and training to plan fiduciaries." MORE >> |
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