Being a retirement plan sponsor can be a bit overwhelming and one of the major reasons that retirement plans are mismanaged is because there is a lack of management. Retirement plan committees regardless of the size of the plan sponsor can be an effective method of managing a retirement plan. Like any tool, a retirement plan committee must be used correctly or it ends up becoming more of a problem than it’s worth. So this article is about how retirement plan sponsors can delegate their retirement plan committee and some of the things they should avoid by setting one up.
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