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Week ending August 31st, 2018 |
Defined contribution (DC) plan sponsors have a fiduciary duty when it comes to selecting and monitoring the investment choices they offer in their plans’ fund menus. They must understand how market conditions affect the types of investments they are offering. They have to make decisions about active versus passive investment options, and keep in mind the costs of investments while making what is best for plan participants their first priority. Some investments are harder to benchmark than others—such as target-date funds (TDFs). If plan sponsors feel they do not have the expertise to make wise choices or monitor investments, outside expertise can help. This week’s edition of PLANSPONSOR Weekend offers insights that may help DC plan sponsors with their fiduciary duties regarding investments. Have a wonderful long weekend! |
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