Evaluating Your Plan

  • Does your plan have a written policy statement?
  • What are the main requirements necessary in order to meet Section 404(C) of ERISA?
  • What factor triggers the replacement of a fund in an employer-sponsored plan?
  • What are some prohibited practices?
  • Does your plan provide and track ongoing employee investment education?
  • Do the plan fiduciaries meet regularly and keep well-documented minutes of those meetings?
  • Is your plan covered by a fidelity bond against losses due to fraud or embezzlement?
  • When did you last benchmark your retirement plan to ensure fees and services are comparable to industry peers?