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|Best Practices in Setting Up a Retirement Plan Investment Committee|
Strategic Benefit Services
Dec. 11, 2015
"Although they will differ from one organization to the next, best practices suggest an investment committee's responsibilities and duties include:  developing an investment policy statement;  establishing a formal process to manage the plan's investment strategy;  determining and implementing investment decisions;  establishing procedures for selecting and monitoring investment options;  selecting and removing fund managers and evaluating their performance; and  reviewing investment management fees."
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