401k Plan Committee Names Should be Descriptive of the Responsibility
401k plan committee names can cause additional stress for retirement plan fiduciaries. The Plan Sponsor University (TPSU) held a Fiduciary Education Program at the University of Maryland, where Fred Barstein Founder and CEO of TPSU spoke with retirement expert Joe DeNoyior, CEO of Washington Financial Group and discussed the topic of 401k plan committee names. Many 401k plan committees will address a variety of topics, including investments, compliance, human capital, plan design, behavioral finance, and target date default destinations.
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