Q: Do you make sure your communications to your participants coincide with your plan?
Why you should always consider the use of highly stable custodians, you may lose pricing power, may lose reporting, lower cost shares, and lose purchasing power.
Q: Have you changed your plan document but are still using an old Summary Plan Description?
Make sure your communications to your participants coincide with your plan.
Q: Do you operate on a non-customized investment policy statement?
You could be violating your fiduciary policies by not having a customized and signed investment policy statement.
Q: Do you have a standard of review for service providers?
You must use an Administrative Policy Statement to review service providers.