Plan sponsors and fiduciaries are coming under increased government scrutiny to make sure that they are fulfilling their fiduciary responsibilities in the operation of their plan. At the heart of those responsibilities is prudence. Fulfilling fiduciary responsibilities is not about making the right decisions, but rather it is about making decisions in the right way.
The following sections review issues that plan fiduciaries should be aware of with regard to their retirement plan and discuss how to implement a defensible, prudent process.
