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401k Plan Committee Names Should be Descriptive of the Responsibility

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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401k Retirement Committees Use Time Wisely

401k Retirement Committees have a huge responsibility to perform.  These 401k Retirement Committees also have a strong duty to plan participants. The primary responsibility of fiduciaries is to function solely in the interest of participants and beneficiaries.   There are many ...