Joan Neri Discusses Elements of Retirement Plan Committee Education

Florham Park counsel Joan Neri was quoted by PlanSponsor regarding ongoing education as a key factor for retirement plan committee members.

“The starting point for training is educating the committee members about their role. As fiduciaries under ERISA, they have a duty of loyalty and to act in the best interest of plan participants and their beneficiaries...ERISA also has the ‘prudent man standard of conduct,’ which requires that they carry out their duties in a prudent manner.”