Can a corporation eliminate its investment committee after it hires HFG as the Investment Named Fiduciary?
It depends. HFG can either replace or complement current committee structures. All of the investment fiduciary functions performed by the committee can be assumed by HFG. However, if a corporation wants to maintain its investment committee then the committee could assume the function of monitoring HFG’s role as the investment named fiduciary.
Related Questions
- What factors should a corporation consider in selecting and hiring HFG as the Investment Named Fiduciary or Independent Fiduciary of a plan?
- With HGF as its Investment Named Fiduciary can a corporation eliminate all its investment fiduciary responsibilities and liabilities?
- Must a corporation amend its plan documents in order to appoint HFG as the Investment Named Fiduciary?
