from committees to costs:
5 key areas of fiduciary focus
By Dave Burns, ERISA consultant and manager in Vanguard Strategic Retirement Consulting
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ecause retirement plan fiduciaries are held to an
exceptional level of duty and care under ERISA,
the fiduciary standards that plan sponsors,
investment committee members, and others in
fiduciary roles must abide by can be summarized
by a single phrase: “doing the right thing.”
In fact, the legal and regulatory environment, which i ́