Monitoring Your Service Provider

Many plan sponsors that have hired investment advisors, then feel the need to hire another independent advisor to report to its fiduciary committee on the compliance and processes of the investment advisor. With so much litigation and significant funds invested in plans, one can understand why such a service is desirable . . . but is it necessary? The answer is not simple, and this article reviews best practices in the fiduciary space.

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Don’t Take Your Plan For Granted

The rules governing a fiduciary’s ongoing duties are not always intuitive, which can lead to misconceptions about about a plan sponsor’s continuing obligations to the plan...

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