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401(k) Fiduciary Liability in a Multi-Vendor Environment
Fiduciary News; free registration required Link to more items from this source
Oct. 15, 2013
"When it's all said and done, the single most important issue for the 401k plan sponsor (i.e., the entity with the fiduciary responsibility for hiring service providers) involves the flow of money.... There are many liability traps when comes to hiring service providers for 401k plans. Oftentimes, a well-documented system can help mitigate that liability, but there are many demons that can tempt plan sponsors to take a seemingly common sense short-cut that can end up costing more in the end."

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