Being a retirement plan sponsor can be a bit overwhelming and one of the major reasons that retirement plans are mismanaged is a lack of manage- ment. Retirement plan committees, regard- less of the size of the plan sponsor can be an effective method of managing a retire- ment 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 retire- ment plan sponsors can delegate their com- mittee and some of the things they should avoid by setting one up.
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