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The Value of Having a Retirement Plan Committee Charter


The Value of Having a Retirement Plan Committee Charter
While not required by ERISA, attorneys say a committee charter is a best practice that can help a plan run more smoothly and help fiduciaries avoid litigation and penalties.
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The Employee Retirement Income Security Act (ERISA) does not require retirement plan and investment committees to have a charter, but industry experts believe this is a best practice that all plan sponsors should seriously consider.
“When you learn that the charter is the road map to the fiduciary oversight of the plan, you realize how committee charters can be even more important than the investment policy statement [IPS],” says Mike Webb, vice president at Cammack Retirement Group. ....

Mike Webb , David Guadagnoli , Julia Zuckerman , David Klimaszewski , Department Of Justice , Cammack Retirement Group , Sullivan Worcester , Retirement Learning Center , Employee Retirement Income Security Act , Cammack Retirement , Culhane Meadows , மைக் வலை , டேவிட் கூாதொளி , ஜூலியா ஸக்மந் , டேவிட் கிலிமஸ்ஜெவிஸ்கி , துறை ஆஃப் நீதி , கேமாக் ஓய்வு குழு , சல்லிவன் வர்ஸெஸ்டர் , ஓய்வு கற்றல் மையம் , ஊழியர் ஓய்வு வருமானம் பாதுகாப்பு நாடகம் , கேமாக் ஓய்வு , குல்ஹேன் புல்வெளிகள் ,