Pike RFP

•

Organizational or personnel changes affecting a fund to determine their potential effect on the fund's

investment process and results.

•

The overall menu of investment options. This does not imply the anticipation of frequent changes to

the menu of investment options.

VI.

ERISA COMPLIANCE & OTHER LEGISLATION

The

Registered Investment Advisor (RIA)

and

Committee

of the

Sponsor

, who assist with the management of the plan, are

strictly responsible for the compliance with the provisions of The Employee Retirement Act of 1974 (ERISA) and

other legislation as it pertains to their duties and responsibilities as fiduciaries. Any perceived conflict between their

fiduciary responsibility and guidelines should be immediately brought to the attention of the

Committee

ERISA has enumerated broad fiduciary responsibilities for which trustees and investment professionals are held

accountable. This section will assign several of these fiduciary, as well as non-fiduciary duties and responsibilities, to

the Plan’s trustees, managers and advisors. This list does not eliminate any of the parties from other fiduciary duties

and responsibilities as determined by ERISA and other laws, rules, and regulations applicable to the Plan.

Fiduciary Responsibilities:

Evaluate the periodic Investment Reviews provided by the

Registered Investment Advisor (RIA)

which will assist the

Committee

in complying with the following regulations:

Establishing, reviewing and revising

ABC Company Plan

investment policies as necessary: Sections

402 (a)(1-2), 404(A)(1)(D) of ERISA

Evaluating manager and fund investment risk performance: Section 405(a) of ERISA

Controlling total plan expenses including fund expenses, custodial fees, and all other fees which may

be assessed to participant balances: Section 404(a) of ERISA

Making investment decisions with the skill and care of a prudent expert: Section 404 (a)(1)(B) of

ERISA

Monitoring, appointing and discharging investment managers, funds, and advisors as necessary.

On behalf of

ABC Company

I/we hereby affirm that the information contained in this Investment Policy Statement

accurately reflects the investment guidelines and objectives of the plan. Any changes to the plan's long-term objectives

will be promptly communicated to the

Registered Investment Advisor (RIA).

__________________________________________

____________________

Retirement Committee Member/Authorized Signer

Date

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