Many plan sponsors delegate day-to-day administration and oversight of the plan to an investment committee or retirement committee. This typically results in committee members becoming fiduciaries for the plan.
It is important for all committee members to understand:
1) that they are a fiduciary to the plan
2) what their fiduciary responsibility entails
Our Fiduciary Education for Your Retirement or Investment Committee resource walks through the importance of continued fiduciary education for current and new committee members.