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American Benefits Council Says Proposed Fiduciary Rules at Odds with Plan Sponsor Efforts to Engage Participants and Encourage Educated Choices
American Benefits CouncilLink to more items from this source
[Opinion]
Aug. 13, 2015
"Plan sponsors are trying to enhance employee education and encourage participant engagement in their benefit programs using internal and external resources. Employers are concerned that the new conflict of interest and fiduciary definition rules will generate uncertainty, cost and potential liability. Without changes, this would result in employers pulling back on the tools they currently offer and could hurt the very people the Department is trying to protect."

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