title: Prudent methods for evaluating, selecting and monitoring professional advisors.
abstract: Multiemployer fund trustees have a significant responsibility to the plans and beneficiaries they serve. Fortunately, the law allows trustees to retain professionals to assist them in this important function. This article reviews trustees' relationships with these professional advisors, provides an overview of the general legal standards that govern this area and offers a brief description of the types of services trustees can expect from their advisors.
authors.affiliation: Steptoe & Johnson LLP, Washington, DC, USA.
authors.forename: P J
authors.initials: PJ
authors.lastname: Ondrasik
authors.forename: D A
authors.initials: DA
authors.lastname: Walters
mesh_terms: D019461:Employee Retirement Income Security Act / Q000331:legislation & jurisprudence / Q000592:standards; D005376:Financial Management / Q000331:legislation & jurisprudence / Q000458:organization & administration*; D007400:Interprofessional Relations; D007449:Investments; D010415:Pensions; D011361:Professional Competence; D014341:Trustees / Q000592:standards*; D014481:United States