"Please share any DOL guidance or opinion letters you may have come across that address the issue of determining whether compensation paid to an investment manager hired for the sole purpose of managing a plan's assets is reasonable compensation under 2550-408c-2(b)(1)-(b)(4). Investment manager is a fiduciary."

"We don't really handle DB plans any longer, but have a couple of 'legacy' plans that we handle, working with an outside actuary, of course. Participant in one plan is VERY old, but still working. Unmarried. Has now designated his children as primary beneficiaries, in equal shares. The plan is silent on whether multiple beneficiaries are allowed. The actuary has opined that administratively, it isn't a problem to appropriately calculate and split the death benefit amongst the beneficiaries. If the Employer (Plan Administrator) writes up a basic policy stating that multiple beneficiaries are allowed, do you see a problem with it? Seems to me that in the absence of a clear document provision/directive one way or the other, that it should be ok? These are governmental plans, if that makes any difference in your opinions."