The structure of your retirement plan is an important part of what makes it successful. Other factors to consider when establishing an employer-sponsored retirement plan include:

• What administrative and investment management services does the plan require?
• Should a defined contribution plan be trustee-directed or participant-directed?
• As an ERISA fiduciary, what duties does a plan sponsor have and what standard of care is expected of a fiduciary in carrying out those duties?
• Is there any way to reduce exposure to fiduciary liability through plan design?
• What is an Investment Policy Statement? Does the plan need an IPS?
• What is the best way to educate employees about the importance of plan participation and saving for retirement?

The design, administration and funding of retirement plans is complex. Your Northwestern Mutual Financial Network Representative* will help you understand the services, providers and options that are available so you can make the right choice for your company and your employees.