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| From the Magazine |
| Structuring a Plan Committee |
| Summer Conley and Michael Rosenbaum with Drinker Biddle and Reath provide guidance about who should be part of the retirement plan committee. There are no specific legal requirements regarding the number of members or who should or should not sit on the committee. However, there are common practices plan sponsors might keep in mind that can serve as guidelines for establishing this body.Read more > |
| The Lowdown |
| When should retirement plan committee meet, and what should it be doing at these meetings?Read more > |
| Performance Review |
| Life as a member of your company’s retirement plan committee, and a fiduciary under the Employee Retirement Income Security Act (ERISA), is certainly becoming more challenging. Summer Conley and Michael Rosenbaum with Drinker Biddle and Reath discuss how plan committee members should act, and we suggest standards by which to review their performance.Read more > |
| Why You Need To Keep Minutes |
| So you’ve been reading our article series regarding retirement committees and how to be a good fiduciary. You’ve been preparing for meetings, attending and engaging in discussions at the meetings, considering your investment adviser’s guidance and generally acting prudently. That’s great! Now it is time to demonstrate that prudence. Taking and retaining good committee minutes is vital to protecting yourself as a fiduciary.Read more > |
