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Next Steps for ERISA Investment Fiduciaries in Light of Tibble
Chiesa Shahinian & Giantomasi PC Link to more items from this source
May 28, 2015
"[1] Think twice (or maybe more) about selecting or retaining a retail class or other higher fee fund, when the same fund is available in an institutional or lower fee class.... [2] If you do not have an investment committee for your 401(k) plan or an investment policy statement ... establish such a committee and adopt such a policy as soon as possible.... [3] Consider engaging a professional investment advisor to advise you or the investment committee on performance and fees.... [4] Consider engaging a qualified ERISA attorney to advise you or the committee on your or its fiduciary obligations and opportunities.... [5] Consider separating investment advice to the plan from investment advice to plan participants."

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