This self-assessment is designed to help pension committee members determine whether the committee is applying sound pension plan admnistration rules.
There is no point in rushing; you must start off on the right foot.
If your plan is not soundly managed, do not try to change everything at once. Take the time necessary to implement sound administration practices in one area at a time. You could begin with your financial duties, then move on to administrative duties and communication, etc. It is important that the pension committee make sure that all collaborators, including members and beneficiaries, are made aware of the work plan and its progress.