"The EAC's recommendations, if acted on, would significantly improve current outsourcing practice, mainly by clarifying what the ERISA rules are. That clarification would make outsourcing contracting -- allocating liability between the sponsor and the outsourcing provider -- much easier and effective.... [T]he key issues are: [1] Can the sponsor fully delegate away named fiduciary responsibilities, with no residual 'select and monitor' responsibility/liability? And [2] if it cannot, what is the extent of those retained responsibilities/liabilities? Some bright-line guidance on those issues would be immensely helpful."