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When Do 401(k) Plan Sponsors Usually Adopt an Investment Policy Statement?
Fiduciary News; free registration required Link to more items from this source
Feb. 4, 2020

"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."

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