Which role is commonly included in a Retirement Plan Committee?

The role of senior financial advisors is commonly included in a Retirement Plan Committee due to their expertise in financial planning, investment strategies, and retirement funding. These advisors bring in-depth knowledge of financial products and the complexities of retirement plans, which is crucial for making informed decisions that impact the plan's investment policies, participant education, and overall financial health.

Having senior financial advisors on the committee helps ensure that the retirement plan operates in compliance with regulations, as well as aligns with the financial goals of the organization and its employees. Their experience allows for effective risk management and assists in navigating the evolving landscape of retirement benefits. This comprehensive financial insight supports the committee's goal of maintaining a well-structured and beneficial retirement plan for participants.