401(k) plans help build future security. But the courts have confirmed that Plan Sponsors and Investment Advisors can be held accountable for fiduciary conduct.
Forté doesn’t simply write the plan’s Investment Policy Statement because ERISA requires it. Investment Policy development and revision is a core best practice for all Forté clients.
A properly crafted Investment Policy Statement is the cornerstone which protects the Plan Trustee and Sponsor from potential liabilities. With it, you’re ready, should the Department of Labor or the IRS ever audit your Plan. You are also well prepared to respond in the unlikely event that a Participant lawsuit arises.
To develop this important document, Forté works closely with the Plan Trustees collecting information through questionnaires and live discussion, resulting in a draft Investment Policy Statement. Once this Statement is revised and approved by Plan Trustees, Forté uses carefully defined criteria to create a mutual fund menu and investment models.
Forté reviews and updates this Policy Statement on an annual basis, keeping current with the investment priorities of the Plan Trustees.