Performance Review: Monitoring—and enriching—your plan committee members
By Summer Conley and Michael Rosenbaum
Chicago partner Michael Rosenbaum and Los Angeles partner Summer Conley’s latest article for PLANSPONSOR details how retirement plan committee members should act, and standards by which to review their performance. This is the fourth column in the ERISA Examination series that details ERISA fiduciary responsibilities.
Whether the board of directors or the CEO, those that appoint the plan committee have an ongoing responsibility to monitor the appointees’ performance. Michael and Summer provide questions to evaluate the performance of the individual committee members and offer guidelines to keep in mind when reviewing.
The material contained in this communication is informational, general in nature and does not constitute legal advice. The material contained in this communication should not be relied upon or used without consulting a lawyer to consider your specific circumstances. This communication was published on the date specified and may not include any changes in the topics, laws, rules or regulations covered. Receipt of this communication does not establish an attorney-client relationship. In some jurisdictions, this communication may be considered attorney advertising.
Meet the Authors
