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MassMutual Settles Fiduciary Lawsuit Over Fee Transparency
Employee Fiduciary Link to more items from this source
Nov. 10, 2014
"The ruling and settlement appear to open the door to further legal action by plan sponsors in a similar arrangement with other providers. While not all providers with revenue sharing may be deemed fiduciaries, the risk of potential liability may cause many to evaluate their fee disclosure procedures and make pre-emptive changes. Look for other plan providers to open up and disclose revenue sharing arrangements in order to avoid potential liability."

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