Making Wise Use of an ERISA Plan Investment Committee

Plan sponsors have a fiduciary obligation to prudently select and manage the investment options they offer participants in a retirement plan, and the obligation is under special scrutiny by participants in a plan with participant-directed investments. Plan sponsors often establish an investment committee that is responsible not only for selecting, but also monitoring, plan investment options, on a periodic basis, to be sure they continue to be prudent. Review best practices so you, as counsel, can apply these in establishing or reviewing the activities of an ERISA plan investment committee.

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