The laws and regulations surrounding retirement plans are complex and confusing. It isn’t any wonder, then, that there are a lot of misconceptions floating around. From fiduciary liability to required disclosures, there are a lot of common beliefs that aren’t necessarily true. Are the following statements fact or fiction? Read on to find out how much (or little) you really know about retirement plans.
The Power of Effective Plan Governance
In a previous post, we discussed the importance of plan governance and how it works to make your retirement plan more efficient. Plan governance involves a myriad of details that must not be overlooked. How do you organize the responsibilities, policies, procedures to create an effective strategy?