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Prudence in Advice Selection
PLANSPONSOR; free registration may be required Link to more items from this source
Mar. 27, 2006
Excerpt: Plan committees (or the responsible officers) are duty-bound by ERISA to select prudently investment options that are, individually and in the aggregate, suitable and prudent for the plan and for the participants. The failure of the committee to do a good job could result in lawsuits, and the failure of an employee to do a good job of investing can result in a diminished lifestyle during retirement.

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