Check Your Investment Committee Investment Review Process

A well-organized fiduciary governance structure is an important piece of avoiding (or defending) plan litigation directed against a sponsor’s 401(k) plan, for example, a suit alleging an excessive fee structure. Investment committees, and those that support them, have to observe the ERISA beatitudes of prudence and loyalty in selecting and monitoring the plan investments that participants select from when investing toward retirement. Regular review of each option’s investment performance, against applicable benchmarks, and use of a watch list, are ways to tread cautiously when navigating the gauntlet that is now 401(k) plan governance.

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Related Content

• Investment Review Checklist for 401(k) Plan Investment Committee
  Refer to this checklist providing a list of items to consider when planning an investment review by a 401(k) plan’s investment committee or other fiduciary for a defined contribution plan permitting participant-directed investment for some or all of their plan accounts.  

• Investment and Administrative Committee Meeting Agenda Checklist (Defined Contribution Plan)
  Review this sample agenda for a qualified defined contribution plan that offers participant-directed-investments. This checklist provides a list of items for the meeting agenda of an investment committee that is the plan’s delegated fiduciary. 

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