Defined contribution plans have become a critical source of retirement income for U.S. employees. As companies have changed their defined benefit plan strategy to freeze their pension plans, defined contribution plans are often the only additional retirement income source outside of Social Security.
Documenting your investment committee decisions isn’t exactly exciting – but it is necessary if you want to avoid problems down the road. Phil Edwards of Curcio Webb shares why it’s so important for investment committees for defined contribution plans to spend time documenting their decisions.
This video is part of a series on Defined Contribution Plans.
For more on Managing Defined Contribution Plans, please see these related videos:
Is your Investment Committee Focused on Outcomes?
Most are not. Most investment committees spend 80% of their time managing investments. We believe you should think and plan more holistically to achieve the goals that are best for your company – and for plan participants.
This video is the first in our series, Managing Defined Contribution Plans. See related videos:
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