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'Tipping Off' Potential ERISA Fiduciary Violations
The Prudent Investment Adviser Rules Link to more items from this source
Aug. 12, 2016

"[H]aving so many options within a plan is a 'tip-off' that the plan sponsor has not properly performed their fiduciary duty to conduct an independent and thorough investigation and analysis of the investment options within their plan.... The sheer number of funds raises obvious questions as to whether the required investigation was done properly, if at all. A good plaintiff's attorney will obviously ask for documentation verifying both the investigation and its findings."

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