Performance Review: Monitoring—and enriching—your plan committee members

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.

Read “Performance Review.”