The Prudent Investment Fiduciary Rules | Risk Management Solutions for Today's Investment Fiduciaries
Description: Sound & simple solutions for 401k compliance
by Chris Tobe, CFA, CAIA
The Investment Policy Statement (IPS) for a pension plan or other investment pool is a critical element in the governance and is a main fiduciary control on investments.
As stated in the IFEBP Investment Policy Handbook, “ If an employee benefit plan does not have an investment policy statement, it does not have an investment policy.” [i] Chris Carosa, in his Forbes column, says a “ 401(k) IPS is a legal document that serves as the solid compliance backbone of the plan”. [ii] Josh Itzoe in his book, the Fiduciary Formula, says about an IPS, “ I believe a written investment policy is the only way to demonstrate a thoughtful process and make well informed, prudent investmen
The Prudent Investment Fiduciary Rules | Risk Management Solutions for Today's Investment Fiduciaries