Viewpoints about Retirement plan sponsors
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What does a retirement plan committee do?
Many plan sponsors manage their 401(k) plans by committee. Learn what retirement plan committees do and best practices for having one.
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A guide to 408(b)(2) fee disclosures for retirement plan sponsors
ERISA Section 408(b)(2) stipulates that covered service providers must disclose information about their services and fees in writing to the plan’s fiduciaries. And as a fiduciary, you must evaluate the disclosures and determine whether the cost of services provided by the plan’s CSPs is reasonable.
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A checklist for retirement plan fiduciaries amid industry consolidation
Retirement plan sponsors are likely aware of the ongoing consolidation of recordkeepers over the last several years. When there’s a change in any of your plan’s service providers, your fiduciary duty to select and monitor them comes into play. This checklist can help you do your duty to assess the impact of the change on your plan.
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Managing 401(k) fiduciary risk: plan sponsor best practices
In this era of heightened fiduciary scrutiny, you need to be informed and prepared to meet all your fiduciary duties.
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