Part C – Critical Thinking (40 marks) This part of the assignment asks you to return to the two pension plans you drafted for Crocus

Part C – Critical Thinking (40 marks) This part of the assignment asks you to return to the two pension plans you drafted for
Crocus Exploration, Inc. in Assignment 2. Background Crocus Exploration. Inc. is considering the two plan outlines you submitted to them
previously. The Board would also like your input about how to oversee and govern the plans,
including how to involve external consultants, investment managers, actuaries,
recordkeepers, etc. Before they make their final selection. they would like to know more about the
governance structure and processes required. They have asked you to prepare a report
that clarifies what roles are involved in the plans and what responsibilities each role
carries. Task Choose one of the plans you designed in Assignment 2 (either the DB or the DC plan).
Write a report that explains to the company what is required for the governance of this
plan. Your report must include: 1) An organizational chart depicting the governance structure of the plan. 2) An explanation of fiduciary responsibilities that apply to the governance of the plan. 3) A summary of the regulatory requirements concerning governance for this type of
plan. Guidelines ‘I III—.1]… 1…. _.’.._. .u…. …_….’J._. ……..J ‘EL’ -4 ._._…._J.!….._ ….._.l……l_.l_ -………………l_.l._.l..’