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Navigating the Minefield of Fiduciary Liability as a 401(k) Plan Sponsor
Robert C. Port, of Gaslowitz Frankel LLC, via Link to more items from this source
Aug. 5, 2014
"[T]the vast majority of 401k plans are offered by small employers, who may have no meaningful understanding of the fiduciary responsibilities they and their plan administrator have taken on by offering the plan.... Selecting a suitable and appropriate 401k plan, and its administration thereafter, are not simply annoying administrative tasks to be delegated to any staff person or senior executive who might appear to have some financial acumen or business sense. This is no place for amateurs."

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