With inflation at its highest levels in more than four decades, it’s no surprise nearly three in four American workers report they’re experiencing increased stress concerning their personal finances. Learn how to better assist your workers during this period in our latest blog.

Investment policy statements (IPSs) are commonplace among retirement plans — with around 83% providing one. This number tends to be even higher among bigger plans. See how an IPS can offer an additional layer of protection, clarify plan decision-making, and help your organization better define and meet business objectives in our latest blog.

The ERISA team takes the best of the ideas and incorporates them into a revised IPS template. In essence the template IPS is the product of hundreds of ERISA attorneys whose input is all taken into consideration.

With most retirement plans, the fiduciary responsibility of selecting and monitoring the plan’s menu of investments is designated to a retirement plan investment committee. This committee usually includes financial officers and human resources officers of the employer. The committee meets periodically (anywhere from annually to quarterly) to consider agenda items including investment due diligence, fees and services of plan providers, status of plan goals, etc.

Many plan providers struggle with deciding how many investment options to offer in their retirement plans. While people generally like to have lots of options when making other decisions, having too many plan options can potentially lead to poor investment decisions by plan participants.

Hey Joel! – Answers from a recovering former practicing ERISA attorney

 Welcome to Hey Joel! This forum answers plan sponsor questions from all over the country by our in-house former practicing ERISA attorney.