sloble@crowleyfleck.com Posted September 23, 2004 Posted September 23, 2004 Company wants to have insurance company administer loans (approve, pay, collect, etc.). This is an ERISA 403b with employer contributions that is administered by NY Life. Is this a good idea? We would try to get a hold harmless agreement for tax errors and attempt to allocate fiduciary liability for loan processing under ERISA 405c.
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