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Fiduciary Committee Best Practices: The Basics
Verrill Dana LLP Link to more items from this source
May 15, 2014

"The key fiduciary responsibility requirements of ERISA do not vary based on the size or sophistication of the employer.... [1] Establish a committee.... Let the role and responsibilities of the committee guide your choices for committee members.... [2] [A]dopt a charter to structure its operations.... [3] Adopt an investment policy statement ... written in a way that committee members understand. [4] Use experts (as needed)....[5] Keep minutes."

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