Fiduciary Landmines that DC Plan Sponsors Must Avoid
Good governance promotes the timely and cost-effective delivery of benefits and promotes the administration of the plan in the best interests of the plan members and beneficiaries. Good governance requires appropriate control mechanisms that encourage good decision making, proper and timely execution, and regular review and assessment. Further, good governance may reduce potential liability for the Plan administrator, and associated advisors. Good governance demands a clear accountability for every decision made with respect to a retirement plan.
On February 24th we hosted part two of our governance PLUS webinar series. We heard from our panelists Randy Bauslaugh, Carolyn MacDonald, Jeff Gray and Tei Binesh (moderator) about how incorporating best practices can help defined contribution plan sponsors prepare for potential fiduciary landmines
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