In The Press February 09, 2021

Having An IPS Doesn’t Necessarily Increase Plan Sponsor Liability (PlanSponsor)

Retirement plan sponsors aren’t required by the Employee Retirement Income Security Act (ERISA) to have an investment policy statement (IPS), but it is considered a prudent practice. Natascha George, a partner in the ERISA and Executive Compensation practice at Goodwin, says an IPS is a plan sponsor’s declaration in written form of how plan fiduciaries intend to select, monitor and make decisions about investment options offered to plan participants. Read the PlanSponsor article here.