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Best Practices in Setting Up a Retirement Plan Investment Committee
Strategic Benefit ServicesLink to more items from this source
Dec. 11, 2015
"Although they will differ from one organization to the next, best practices suggest an investment committee's responsibilities and duties include: [1] developing an investment policy statement; [2] establishing a formal process to manage the plan's investment strategy; [3] determining and implementing investment decisions; [4] establishing procedures for selecting and monitoring investment options; [5] selecting and removing fund managers and evaluating their performance; and [6] reviewing investment management fees."

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