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401(k) Advisors Must Educate Plan Sponsors on Two Numbers
401K Specialist Link to more items from this source
Sept. 28, 2016
"In an effort to deal with their enhanced responsibilities in as painless a way as possible, some plan advisors are considering outsourcing certain responsibilities to service providers who can act as 3(21) and 3(38) fiduciaries. In order to choose the best solution for their plans, advisors must educate sponsors first so they understand the difference between being a fiduciary under 3(21) or 3(38)."

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