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Products March 25, 2013
Investment Responsibilities for DC Plan Sponsors
A white paper aims to help defined contribution (DC)
plan sponsors understand how they can manage their investment responsibilities.
Reported by PLANADVISER staff
LIMRA and Transamerica Retirement Solutions assembled information pertaining to fiduciaries under the Employee Retirement Income Security Act (ERISA). The paper starts by defining who is a DC plan fiduciary.
It offers questions plan sponsors must consider when implementing any plan actions, and examines each of the fiduciary standards of conduct as they relate to plan-level investment decisions. The paper discusses 3(38) and 3(21) investment fiduciary management, and when and why they should be utilized.
The white paper, “Managing Investment Responsibilities: Investment Decisions for Plan Fiduciaries,” is here.