Investment Committee Checklist

Annually

• Set an agenda and goals for the year;

• Review the investment policy statement;

• Conduct an analysis of all investment management, recordkeeping and ­administrative fees, commissions, soft dollars and revenue sharing;

• Review Form ADV, fund prospectuses and annual reports for each mutual fund;

• Examine any changes to portfolios or the investment management team, proxy voting records and industry or regulatory actions against companies, funds and portfolio managers in the plan; and

• Maintain thorough records, minutes and documents.

Quarterly

• Perform a thorough investment performance and benchmark review;

• Review the fund watch list;

• Review plan assets with investment policy guidelines, including company stock;

• Examine plan participant contribution, participation and borrowing rates;

• Check that all contributions are being deposited and invested properly, comparing reports from investment managers with custodian statements;

• Audit each fund manager and the recordkeeper’s and administrator’s fee ­computation; and

• Perform ongoing fiduciary and investment training for investment committee members.