Employer Contributions

[Guest Heath]

Here's my wondering! With all the new litigation of 401(k)'s, we have seen numerous cases, such as the First Union case, where companies have been required to hire an independent investment advisor to monitor their 401(k) plan's investment options. Although this is not a requirement the IRS has burdened plan sponsors with, I would like to know what these plan sponsors ARE required to offer their employees in way of investment advise. Can anyone tell me what the law says, and the code in which this these requirements are located???