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DOL Publishes Field Assistance Bulletin on 'Float' from Short-Term Plan Investments
Deloitte & Touche Human Capital Advisory Services
Dec. 3, 2002
Excerpt: The FAB addresses the following issues: What does a fiduciary need to consider in evaluating the reasonableness of an agreement under which the service provider will be retaining 'float' earnings and what information is a service provider required to disclose to plan fiduciaries with respect to such arrangements in order to avoid engaging in a prohibited transaction?
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