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ERIC Comments on the Proposed Regulation on Default Investment Alternatives (PDF)
The ERISA Industry Committee [ERIC]Link to more items from this source
Nov. 17, 2006
Excerpt: Some employers have had concerns about automatic enrollment. Some have been concerned that automatic enrollment could expose plan fiduciaries to potential liability under ERISA based on the investment decisions that the fiduciaries make on behalf of automatically-enrolled participants who fail to submit investment directions.... Section 404(c)(5) and the Department's regulation have the potential to alleviate very substantially the concern regarding ERISA liability.

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