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coverting participant directed plan to trustee directed


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...a carefully worded one.... :o

That said, "legally" the only requirement would be an SMM (if it is a plan change) or a notice (if an administrative one).

Practically, it's probably going to be perceived as a "take away" at least by some, so justification for the decision should be included (studies show.... best interests of the participants.... fiduciary responsibility....)

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