Compass
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Regional Vice President of Sales The Retirement Plan Company
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AimPoint Pension
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Best Practices to Reduce Excessive Fee Risk
The CPA Journal June 30, 2021 "[T]he most common allegations raised against 401(k) plan fiduciaries [include]: [1] Failure to leverage plan profile to reduce fees. [2] Selecting excessive expense fund share classes. [3] Using plan assets to pay excessive recordkeeper compensation. [4] Offering money market funds rather than higher-yield stable value funds. [5] Failing to monitor fund performance and removing imprudent funds at least annually. [6] Failing to engage in a formal request for proposal with plan vendors at least triennially." |
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