{"id":34494,"date":"2022-02-25T16:02:26","date_gmt":"2022-02-25T16:02:26","guid":{"rendered":"https:\/\/rolandcriss.com\/?post_type=podcast&p=34494"},"modified":"2022-02-25T16:17:19","modified_gmt":"2022-02-25T16:17:19","slug":"ips-audit","status":"publish","type":"podcast","link":"https:\/\/rolandcriss.com\/podcast\/ips-audit\/","title":{"rendered":"The Investment Policy Audit"},"content":{"rendered":"

 
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\nAn investment policy statement or IPS is a written declaration intended to provide a defined benefit or defined contribution plan’s investment fiduciaries with a framework for decision-making regarding various types or categories of investments. An improperly designed IPS or the failure to adhere to an IPS’ provisions can spell trouble with regulators and plaintiff lawyers who represent participants in breach of fiduciary lawsuits. A periodic examination of an investment committee’s conformance to its plan’s IPS is essential for maintaining confident assurance at the committee level.<\/b>
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\nOur host will discuss recent events that caused the written investment policy to emerge as a vital plan governance document, why a periodic formal review is needed, and the seven key topics on which an IPS process audit focuses.<\/b>
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About our host<\/h3>\n

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\nRonald E. Hagan<\/b> is chairman of Roland|Criss’ Risk Standards Committee.\u00a0 Ron has over 25 years of experience helping clients examine and improve their risk management practices for employee benefit plans qualified under the Employee Retirement Income Security Act of 1974.\u00a0 He is the engaging host of Roland|Criss\u2019 weekly podcast and quarterly webinar series.<\/b>
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A periodic third-party examination of an investment policy statement, and a fiduciary committee’s conformance to its provisions, is more than a best practice; it’s a risk management imperative.<\/b><\/p>\n","protected":false},"author":2,"featured_media":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"sync_status":"synced","episode_type":"audio","audio_file":"https:\/\/episodes.castos.com\/theexcellentfiduciary\/ca610024-4073-4305-9d89-fd8819a1f8c3-Podcast-IPS-Audit-FINAL.mp3","castos_file_data":"","podmotor_file_id":"920323","cover_image":"https:\/\/rolandcriss.com\/wp-content\/uploads\/2021\/02\/Excellent-Fiduciary-Icon.jpg","cover_image_id":"31888","duration":"00:14:49","filesize":"33.9 mb","filesize_raw":"35581133","date_recorded":"","explicit":"","block":""},"tags":[],"series":[73],"class_list":["post-34494","podcast","type-podcast","status-publish","hentry","series-the-excellent-fiduciary-podcast"],"acf":[],"aioseo_notices":[],"episode_featured_image":false,"episode_player_image":"https:\/\/rolandcriss.com\/wp-content\/uploads\/2021\/02\/Excellent-Fiduciary-Icon.jpg","download_link":"https:\/\/rolandcriss.com\/podcast-download\/34494\/ips-audit.mp3","player_link":"https:\/\/rolandcriss.com\/podcast-player\/34494\/ips-audit.mp3","audio_player":null,"episode_data":{"playerMode":"light","subscribeUrls":{"google_play":{"key":"google_play","url":"","label":"Google Play","class":"google_play","icon":"google-play.png"},"google_podcasts":{"key":"google_podcasts","url":"","label":"Google Podcasts","class":"google_podcasts","icon":"google-podcasts.png"},"stitcher":{"key":"stitcher","url":"","label":"Stitcher","class":"stitcher","icon":"stitcher.png"},"youtube":{"key":"youtube","url":"","label":"YouTube","class":"youtube","icon":"youtube.png"},"itunes":{"key":"itunes","url":"","label":"iTunes","class":"itunes","icon":"itunes.png"}},"rssFeedUrl":"https:\/\/rolandcriss.com\/feed\/podcast\/the-excellent-fiduciary-podcast","embedCode":"

The Investment Policy Audit<\/a><\/blockquote>