What role does the Department of Labor (DOL) serve?
The DOL is charged with watching over the assets of the nations retirement plans. One of its responsibilities is administering and enforcing the requirements established under ERISA. The DOL does this by: • Ensuring that plan participants receive plan information such as participant statements and Summary Plan Description • Reviewing plan assets to ensure compliance with fiduciary laws under ERISA • Monitoring the actions of plan sponsors, fiduciaries and trustees • Educating employers and employees about the benefits of retirement plans • Following-up on complaints received from plan participants Investment Manager Selection and Monitoring Symetra applies a proprietary process to identify the investment managers and options to include in its retirement programs, and then regularly monitors them to ensure they meet established performance criteria. Investment Policy Statement ERISA encourages fiduciaries to establish a written Investment Policy Statement to document the plans investmen
