Selection and Monitoring Obligations in Defined Contribution Plans

Selection and Montitoring Obligations

Of utmost interest to all advisors should be the consistent message heralded by the DOL on selection and monitoring of Lifetime Annuities, which applies to almost every investment held by a Defined Contribution plan. While the focus of this article is on Lifetime Annuities, I would again stress the DOL expects that this type of thorough, deliberate process will apply to the selection of all investments.

Continue reading