Loan & Distribution Specialist AimPoint Pension
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Compass
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AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Bates & Company, Inc.
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Regional Vice President of Sales The Retirement Plan Company
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What Is a 401(k) Investment Policy Statement?
Fiduciary News; free registration required Nov. 26, 2019 "It's not required by law, but it has become a best practice. And there's a good reason for this. The 401k Investment Policy Statement (IPS) offers plan sponsors an avenue for safety, but only if they're careful.... It can (and should be) a detailed document that sets forth the due diligence procedures the plan sponsor will follow regarding the selection and monitoring of investments. In doing this, the IPS creates a template for ongoing reporting; thus, providing valuable evidence that plan sponsors have abided by their fiduciary duty." |
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