Compliance
Who Is Generally Responsible For Designing, Detailing, And Approving The 401k IPS?
There are many different types of plans, particularly when plan sponsors pick a 3(21) or 3(38) adviser. Which service provider arrangement a plan sponsor chooses impacts how the IPS will be constructed – and how the relevant parties contribute to that draft.
5 Critical Elements Every 401k IPS Must Contain to Achieve Its Primary Purpose
Including these will make 401k plans safer for plan sponsors and more successful for plan participants.
What is the Primary Purpose of a 401k IPS?
Unlike a generic vendor agreement, the IPS is a formal plan policy document that defines the parameters between the plan and relevant vendors. This is why it can also be a terrible trap.
Should a Plan Sponsor Adopt a 401k Investment Policy Statement?
Whether a plan sponsor decides to adopt a 401k IPS remains an open question. It’s not a question that should be treated casually. Every plan situation is different. Plan sponsors therefore must conduct a thorough due diligence to determine what’s best for their plan.
What is a 401k Investment Policy Statement (IPS)?
Although we’ve seen a broader acceptance of using an IPS, their use is by no means universal and particularly lacking among smaller employers. Perhaps there’s a realization that, if you don’t get the IPS right, you’ll only increase your liability.
The 5 Biggest Worries of 401k Plan Sponsors and What To Do About Them
When you’re not an expert in an important job that you need done, what do you do?
A Company Fiduciary Must Ask These Questions Before Joining a 401k MEP
MEPs have the potential to do what state-sponsored plans may not be able to offer – protection under ERISA. That’s in the employees’ best interests. If many embrace this concept, September 30, 2019 may indeed signal the dawn of a new day in retirement saving. Still, due diligence remains an imperative.
How Reg BI Changes the Fiduciary Landscape for the 401k Plan Sponsor
Just as summer changes into fall, Reg BI will change the way all participants – investors, service providers, and 401k plan sponsors – interact with each other. These are the changes we might expect.
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