Creating a Roadmap
An investment policy statement is a set of guidelines
you can use in your decision-making process. Although not specifically
required under the law, it is wise for retirement plans to have a roadmap
to guide investment choices. The purpose of an investment policy statement
is to:
- Create a written document of the guidelines and
standards you will use to select investments options for your plan
- Provide a basis to periodically evaluate investment
performance within your retirement plan
Your qualified professional, third-party administrator
or plan provider should be able to assist you when you create and maintain
an investment policy statement.
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