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ERISA Investment Checklist – Beyond Canned Third-Party Reports

DC attorney Mark Poerio provides a simple and clear checklist for fiduciaries for monitoring investments, including a separate list for TDFs. Poerio cautions plan fiduciaries not to rely on superficial assumptions — which is also good advice for advisors who think a third-party investment analytical report is all they need.

In addition to reviewing performance, advisors and their clients need to be aware of the latest rules and litigation. Providing links to outside resources, Poerio’s checklist reviews:

• 404(c) compliance
• Excessive fees
• TDFs
• Stable value
• Money market funds
• Employer stock
• Mortgaged backed securities
• Securities lending
• Advisor fraud or misconduct
• Employer fiduciary mistakes or misconduct

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