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Fiduciary Responsibility for Governmental Defined Contribution Plans: An Overview (PDF)
National Association of Government Defined Contribution Administrators [NAGDCA] Link to more items from this source
[Guidance Overview]
Sept. 2, 2016
"Under a participant-directed DC plan, much of the control and responsibility for participant investment outcomes is substantially shifted from the plan sponsor to the participant. The plan sponsor, however, remains fully and solely responsible for maintaining the plan, meeting regulatory requirements, educating participants, prudently selecting and monitoring both investment options and service providers, and controlling plan expenses.... It provides a simple explanation of fiduciary standards of conduct."

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