Prudence in Plan Advice Selection

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Prudence in Plan Advice Selection
PLANSPONSOR; free registration may be required

Mar. 21, 2006

Excerpt: '[M]any mutual fund companies, brokerage houses, insurance companies, and independent recordkeepers that market 401(k) plans have added investment advice to their offerings, either at the plan or at the participant level. Where a plan decides to use those advisory services, the fiduciaries need to engage in a prudent process -- for selecting the investment advisor and for periodically reviewing, or monitoring, its activities.

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