"Plan fiduciaries sometimes think that they have total flexibility to deal with issues if they don't commit their processes to writing, but ... when fiduciaries act without policies that set out good fiduciary processes, they may be missing important issues, such as benchmarking fees regularly, or monitoring the limits on plan loans. Just putting a policy together forces you to focus on how you will do what needs to be done.... Here are some of the policies that are becoming more common and the reasons to consider them[.]"  MORE >>