10/8/2008: American Benefits Council Statement for Hearing on Impact of Financial Crisis on Workers' Retirement Security (PDF) (American Benefits Council)
4 pages. Excerpt: "Regardless of the type of plan (or plans) an employer offers to its workforce, there is a dimension of employer plan sponsorship that deserves particular mention as it brings tremendous value to plan participants in financial circumstances like those we are experiencing. That is the simple fact of employer plan sponsorship and the fiduciary oversight that accompanies this employer role. Retirement plan participants have a fiduciary whose legal obligation it is to act solely in the interest of participants and beneficiaries and for the exclusive purpose of providing benefits."
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