Arnerich Massena is pleased to announce the publication of a new white paper, Retirement Plan Best Practices: Plan Monitoring. This paper is the fourth of a five-part series outlining retirement plan best practices; the series began with Plan Governance, Plan Design, and Investment Menu Construction, and will conclude by covering participant education. Plan Monitoring examines best practices for a retirement plan sponsor in maintaining and monitoring their plan over time.
“Maintaining an employer-sponsored retirement plan is an ongoing process, requiring dedicated attention and oversight,” the paper states. “Monitoring your investment menu managers, your plan providers, and plan fees is an important part of your overall fiduciary responsibility.” The paper guides sponsors in developing monitoring processes based on best practices that will help them fulfill their fiduciary duty while best serving their plan participants.
“Fiduciary liability often comes down to process more than outcome,” notes Terri Schwartz, managing director of institutional services and business development. “Having a thoughtful process in place, then following and documenting the process is the best way plan sponsors can demonstrate prudence. We have years of experience helping retirement plan sponsors monitor their plans and fulfill their fiduciary duties; we’re pleased to share our knowledge and experience in this paper.”
Contributors to the paper include Ryan Cunningham, CAIA; Jillian Perkins; Terri Schwartz; and Chris Van Dyke, CFA, CAIA.
To read or download Retirement Plan Best Practices: Plan Monitoring, visit http://arnerichmassena.com/pdf/white-papers/Plan%20monitoring_Feb%202018.pdf