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RE EMC (UK) PENSION SCHEME CHAIRS GOVERNANCE STATEMENT: 6 APRIL 2018 TO 18 JANUARY 2021 This is the Trustees Governance Statement covering the period 6 April 2018 to 18 January 2021. The period of

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How to fill out defined contribution governance statement

01

Identify all key stakeholders involved in the defined contribution governance process.

02

Review and document the plan's investment options and fees.

03

Assess the plan's investment performance and compare it to benchmarks.

04

Evaluate the plan's compliance with all regulatory requirements.

05

Document any changes or updates made to the governance processes.

06

Communicate the findings and recommendations to all relevant parties.

Who needs defined contribution governance statement?

01

Any organization or company that offers a defined contribution retirement plan to its employees.

02

Those responsible for overseeing and managing the defined contribution plan.

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What is defined contribution governance statement?

The defined contribution governance statement is a document that outlines how a pension plan is managed and the responsibilities of those involved in the management.

Who is required to file defined contribution governance statement?

Employers and plan administrators are required to file the defined contribution governance statement.

How to fill out defined contribution governance statement?

The defined contribution governance statement should be filled out by providing accurate and detailed information about the management of the pension plan.

What is the purpose of defined contribution governance statement?

The purpose of the defined contribution governance statement is to ensure transparency and accountability in the management of pension plans.

What information must be reported on defined contribution governance statement?

Information such as investment strategy, fees, performance, and compliance with regulations must be reported on the defined contribution governance statement.

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