Westminster Consulting Brochure Defined Contribution & Defined Benefit | Page 29

BEST PRACTICES

ETURNS TO THEIR
NCHMARKS

Identify and Prevent
Conflicts of Interest

MINUTES SHOULD INCLUDE:

Attendees

AND MONITOR

INVESTMENTS
MONITOR:

BLENESS OF
ES

pare to
endent
hmarks

DOCUMENT EVERYTHING

PLAN DESIGN
Make sure plan
design meets
current needs
and remains in
compliance

Questions TO ASK:
• HOW ARE SERVICE PROVIDERS
BEING COMPENSATED?
• HOW DO INVESTMENTS
COMPARE VS. IPS CRITERIA?
• DOES OUR COMMITTEE
UNDERSTAND THEIR
FIDUCIARY DUTY?

TOPICS
COVERED
Key Questions
or Discussions
Decisions
Made

Re-engineering Fiduciary | 27