Settlement Provides Guidance on Fiduciary Governance
While a settlement holds no weight beyond the signatory parties, the terms can be highly instructive and guide internal policies and procedures.
David Witz1 min read89 wordsThe recent settlement in Goldenstar Inc. v. MassMutual Life Insurance Co. is very similar to past ERISA settlements. While a settlement holds no weight beyond the signatory parties, the terms can be highly instructive.
Questions for Fiduciary Committee Meetings
- Has the CSP provided us a list of all available investment options?
- Does our CSP provide notice of any additions and deletions?
- Does any CSP have discretion to remove an investment without authorization?
- Has the CSP agreed to provide 60 days advanced notice of changes?
- Does the RPF have the option to pay fees directly?
