The most important component of any investment is the net rate of return.
ERISA requires that plan fiduciaries establish a prudent investment selection and monitoring process This should be reduced to writing in the form of an Investment Policy Statement.
Fiduciaries need to construct an appropriate investment menu that allows participants the opportunity to create the appropriate asset allocation, given their tolerance for risk, to meet their individual goals and objectives.
Periodic comprehensive analytical reviews of the investments should be completed, in accordance with the Investment Policy Statement, and documented.
Retirement Advisors will help fiduciaries become procedurally prudent.