Testimony of Shannon M. Edwards, TriStar Pension Consulting

This document is about the testimony of Shannon M. Edwards of TriStar Pension Consulting before the ERISA Advisory Council. Edwards discusses her firm's experience with self-directed brokerage accounts in smaller retirement plans, including plans that offer brokerage accounts as the sole investment option. While supportive of brokerage windows, Edwards suggests that additional fiduciary requirements may be warranted for plans that do not offer a default investment option or advice to participants using brokerage accounts.