Investment Policy Statements (IPS) are often described as a cornerstone of fiduciary prudence. Consultants, recordkeepers, and industry “experts” routinely recommend them. Yet in the 401(k) world, IPS documents are frequently weak, superficial, or conspicuously absent. That is not an accident.  I suspect some many attorneys and consultants recommend that you do not have them at … Continue reading Investment Policy Statements (IPS) Are Avoided in 401(k)s to Hide Fees and Risks