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How to Avoid Fiduciary Mistakes With 401(k) Float Income
Bloomberg BNA Link to more items from this source
Dec. 14, 2012
"[P]lan fiduciaries should negotiate with service providers about the status of float income ... Fiduciaries also should provide full and fair disclosure regarding the use of the float ... [Q]uestions ... fiduciaries [should] ask service providers regarding current arrangements and prior to signing new contracts include: How will any float income be earned and who retains it? What standards are used to determine the length of the float income on contributions that are pending investment? What is the deadline for investing a contribution? When does the float period begin and end?"

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