"An IPS is not a required document, but it can ... act as a guide that illuminates the pathway to maintaining a 'best practices' 401k plan. It can also act as a rope that can hang a plan sponsor.... Regardless of when it's adopted, it is something needs to be thoroughly scrutinized by all relevant parties well in advance of adoption.... there's also a broad range of times and events when the IPS should be updated.... If the IPS is written well, it will need less frequent examinations."  MORE >>