Some of the specific steps involved in
creating and maintaining a system of retirement plan governance
are:
Review of plan documents and other communications
Review of plan administration and vendor performance
Review of investment policy and investment manager
oversight procedures
Establishment of administration and investment committees
Development and implementation of formal policies and
procedures for benefits, investments and administration
Ongoing periodic monitoring of investment performance
and administration
Ongoing periodic plan benefit reviews to ensure that
plans
meet corporate objectives
Preparation of regular reports to Board of Directors
and top management concerning status of retirement plans
Ongoing periodic review of all plan-related documents
and communications to ensure that they are up to date with
plan or policy changes and regulatory requirements
