Do you know what the DOL says you should be doing?
Though ERISA law is codified, it can be difficult to know how best to apply the federal statute to a plan's governance process. Fortunately, the DOL has provided various bulletins which flesh out how the trustee's particular duties can be fulfilled in the course of administering the plan assets. These bulletins arise from particular questions or needs in the plan administration community, so the DOL's counsel is practical and serves as a basis for the trustee's compliance.
These bulletins will help you:
- Select and monitor plan consultants.
- Understand retirement fees and expenses.
- Make informed decisions about plan services, the cost of such services, and the service providers.