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Practical Pointers for Plan Fiduciaries in Uncertain Economic Times
Faegre Drinker
[Guidance Overview] Sept. 23, 2008 Excerpt: Under the Employee Retirement Income Security Act (ERISA), a plan fiduciary is not a guarantor of positive investment performance. However, ERISA does require a plan fiduciary to follow a prudent process in selecting and monitoring investment options. In light of recent market developments, plan fiduciaries should keep in mind that, while the recent market conditions may be rocky, plan investments generally are designed to be held over the long term. In the meantime, consider the following steps[.] MORE >> |
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