A well-crafted Investment Policy Statement (IPS) is not merely a procedural formality—it is the fiduciary firewall that protects 401(k) plan participants from the encroachment of conflicted, high-fee, and opaque investment products. In the absence of a strong IPS, plan sponsors expose themselves—and their participants—to a host of fiduciary landmines, including private equity, cryptocurrency, and insurance-based … Continue reading Why 401(k) Plans Need a Strong Investment Policy Statement (IPS): A Fiduciary Firewall Against Risky and Conflicted Investments