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Plan Sponsors Should Monitor 'Float' Income Earned by Trustees and TPAs
Smith, Gambrell & Russell, LLP
Oct. 22, 2012 "[Because] fee disclosure rules require third party providers, who are ERISA fiduciaries, to disclose any direct or indirect compensation that they receive from plan assets ... if a provider is a fiduciary of a retirement plan, it must disclose float compensation. In addition, if the provider is a non-fiduciary third party, it is now obligated to estimate how much float income it might receive." MORE >> |
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