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Implicit Exception for Participant Direction
Blogging Employee Benefits Link to more items from this source
Apr. 17, 2006
Excerpt: The ERISA §403 requirement that plan trustees exercise exclusive control over plan assets has an 'implied exception' permitting participant investment direction for an individual account plan, according to a 7th Circuit decision affirming the district court. [Jenkins v. Yager, 04-4258]

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