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New DOL Regulation Will Ratchet Up the Scrutiny of Bundled 401(k) Plan Fees
Registered Rep
Nov. 24, 2010
Excerpt: The reality is bundled services have the potential for conflicts of interest with proprietary funds, soft dollars, and undisclosed fees. This makes it difficult for plan sponsors to fulfill their fiduciary duty in verifying participant costs are reasonable. As a result of these drawbacks, plan participants could suffer and plan fiduciaries might be exposed to unnecessary liability.
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