By Mark Olsen, Managing Director at PlanPILOT
Employer-sponsored retirement plans are for long-term savings, as the investment landscape changes, you may find that some of your fund offerings are outdated, expensive, or underperforming their respective benchmarks.
As the plan sponsor, it’s your fiduciary responsibility to make sure your plan funds reflect the best interests of your participants. This usually requires regular monitoring of your investment fund menu and making updates as you see fit.