How To Avoid What 401(k) Plan Sponsors Fear Most About Investment Policy Statements (Forbes)

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Where should plan sponsors go when crafting Investment Policy Statements? Jim Scheinberg offers his advice for his latest feature in Forbes. 

“The IPS is a legal document,” he told Forbes. “Clearly a strong ERISA consultant can help with crafting a draft IPS, but in the end an ERISA attorney should sign off on a final version. Under this process, not only do sponsors end up with a thorough document, but they also may potentially be able to claim an ‘under advice of counsel’ defense if ever challenged.”

Read the full article on Forbes to learn more about crafting effective Investment Policy Statements, and what plan sponsors need to know.



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