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Employee Benefits & Executive Comp: Another ERISA Fiduciary Duty Wake-Up Call
Jones Day
July 14, 2005
Excerpt: Does your company use a retirement plan consultant to help plan how best to invest the company's pension or 401(k) plan money? If so, you need to take note of, and respond to, concerns raised by the government about conflicts of interest and potential bias in the retirement plan consultant and money management industry. ERISA plan fiduciaries who fail to act could be faced with questions about whether they are doing their jobs properly.
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