Which of the following is responsible for reviewing administrative policies?

The Trust Administrative Committee is responsible for reviewing administrative policies because this committee is specifically designed to oversee the operational aspects of a trust's administration. This includes ensuring that policies are current and in alignment with regulatory requirements, as well as the trust's goals and objectives.

Administrative policies encompass a range of procedures related to how the trust operates on a day-to-day basis, including client communication, record-keeping, and the implementation of investment strategies. By regularly reviewing and updating these policies, the Trust Administrative Committee ensures that the trust remains compliant with legal standards and operates efficiently, thus safeguarding the interests of beneficiaries.

Although other entities such as the Trust Investment Committee, Board of Directors, and Compliance Officer play important roles in the governance and oversight of a trust, their focus differs. The Trust Investment Committee primarily concentrates on investment strategies and performance, while the Board of Directors oversees broader organizational policies and corporate governance. The Compliance Officer's role focuses on ensuring adherence to laws and regulations rather than the specific administrative functions that the Trust Administrative Committee evaluates.