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Third Party Fiduciaries: Separating Myth from Reality (PDF)
Unified Trust Company, N.A. Link to more items from this source
[Opinion]
Jan. 17, 2013
"These [Third Party Fiduciary] arrangements are set up by companies that provide their own money management -- typically Insurance Companies or Mutual fund companies. They do this because they want to offer a fiduciary service in their product that makes them more marketable. But they cannot and will not be acknowledged fiduciaries to the plan because they have so many conflicts of interest that they would invariably violate the Prohibited Transaction rules of ERISA for virtually every plan they serve."

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