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Much Ado about Signature Authority: Embezzled Plan Assets and the Inconvenience of Triggering Fiduciary Status
ERISA Fiduciary Administrators LLC Link to more items from this source
Oct. 1, 2014
"CEOs and other executives who prefer to avoid fiduciary status with respect to the company's ERISA plans can take steps to accomplish this.... [T]hey should direct the company to maintain adequate internal controls over remittances of employee contributions to segregate them from the company's assets in compliance with DOL plan asset regulations.... [A]mending the plan to name an independent fiduciary for this purpose would establish a solid buffer between the executive and fiduciary status."

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