How to Make Sure Your Plan’s IPS Isn’t a Fiduciary Landmine

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As most retirement plan sponsors and administrators know, the Employee Retirement Income Security Act (ERISA) doesn’t technically require a plan to have an investment policy statement (IPS), but the U.S. Department of Labor (DOL), which has enforcement authority for ERISA, has said that having one is consistent with the fiduciary obligations set by the law. […]

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Source: HR Daily Advisor