Get more! Sign up for PLANSPONSOR newsletters.
Products March 25, 2013
Paper Addresses DC Fiduciaries' Investment Responsibilities
March 25, 2013 (PLANSPONSOR.com) – A white paper aims to help defined contribution (DC) plan sponsors understand how they can manage their investment responsibilities.
Reported by PLANSPONSOR staff
LIMRA and Transamerica Retirement Solutions assembled information pertaining to fiduciaries under the Employee Retirement Income Security Act (ERISA). The paper starts by defining who is a DC plan fiduciary.
It also offers questions plan sponsors must consider when implementing any plan actions, and examines each of the fiduciary standards of conduct as they pertain to plan-level investment decisions. The paper discusses 3(38) and 3(21) investment fiduciary management and when and why they should be utilized.
The white paper, “Managing Investment Responsibilities: Investment Decisions for Plan Fiduciaries,” is here.