The Value of Having a Retirement Plan Committee Charter
January 20, 2021
David Guadagnoli was quoted in the article, "The Value of Having a Retirement Plan Committee Charter," published by PlanSponsor on January 20, 2021.
While not required by ERISA, attorneys say a committee charter is a best practice that can help a plan run more smoothly—and help fiduciaries avoid litigation and penalties. "Plan sponsors that have both a retirement committee and an investment committee will need a charter for each. It is particularly important for sponsors to have charters when there are two committees to better delineate committee members’ roles," David comments.