John Davis continues his conversation with Mark on the retirement plan industry. They discuss four roles of a fiduciary: 1) Development of an Investment Policy Statement; 2) Investment Selection and Monitoring; 3) Participant Education and Advice; and 4) Full Discretion in Selection of other Service Providers for the Plan. They also talk about the importance of a quality Third Party Administrator (TPA) and the differences between bundled and unbundled plans.