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Advisor Service Agreements: The Weak Link
Center for Due Diligence via Susan Mangiero 
Jan. 20, 2011
While a well drafted, reviewed and understood service agreement can help preclude errors and claims, the service agreement is also the primary defense against liability caused by service provider mistakes and negligence. In spite of this important role, many plan sponsors - particularly small plan sponsors - sign standard service agreements without adequate review or counsel.
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