What 401(k) Plan Sponsors Need To Know About The Investment Policy Statement

Ary Rosenbaum
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When you go to kitchenware, you see so many different types of kitchen tools that you didn’t know ever existed. They sell pasta forks and cherry pitters and items you don’t really need, but you have to have. When you’re a 401(k) plan sponsor, you hear a lot about an investment policy statement (IPS) and how you need one. Yet most sponsors like you don’t know what it is and what it does. This article breaks down what an IPS is, what it does, and what it doesn’t do.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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