Employee Benefits and Executive Compensation partner Marla Kreindler will present at the Pensions & Investments Annual West Coast Defined Contribution Conference.
October 10, 2016 | 9:30–10:30 am
It's Process, Process, Process...
With continuing concern over fee-related litigation, some plan sponsors are taking a second look at plan governance. They are documenting procedures for a range of plan policies, to ensure more reliable risk management. For instance, in QDIA selection, the plan sponsor should have a record of the decision-making process, the plan objectives and how the QDIA ties into the overall benefits structure, and participant demographics. Ensuring they have written policies on asset allocation decisions, fee reviews, participant communications and more –with a recurring calendar on when to review and update each item—will help plan sponsors formalize best practice in governance and be better prepared for any potential legal challenges. Plan sponsors and industry experts share what they are doing and offer advice on implementation.