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Prudence in Plan Advice Selection
PLANSPONSOR; free registration may be required Link to more items from this source
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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