Prudent Investment Selection

PlanSponsor.com features an article by Fred Reish, Managing Director and Partner of the Los Angeles-based law firm of Reish Luftman Reicher & Cohen that explains the fiduciary responsibilities of investment committee members.  Employers (plan sponsors) should note that the article states, "In cases where the responsibility for selecting the investments is not assigned, it remains with the plan sponsor. In that case, the officers who make the investment decisions become fiduciaries."

 

View the full article for more information on the role of officers who make investment decisions, the role of the board of directors and prudent investment selection and monitoring.