Nicholas Pension Consultants
Nova 401(k) Associates
Compensation Strategies Group, Ltd.
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|What Responsibilities Do Employers Retain After Outsourcing Plan Administration?|
Fiduciary Plan Governance, LLC
Nov. 11, 2015
"[E]ven if you have properly outsourced these responsibilities, you still must:  Carefully monitor how your 'prudent experts' are performing their duties. You are still responsible for their actions being prudent.  Retain ultimate decision-making authority for hiring and firing.... It's up to you to make all final decisions.  Independently evaluate the suitability of their actions, expenses, and overall performance."
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