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Fear of Litigation Looms Over DC Plans
Institutional Investor Link to more items from this source
Apr. 18, 2017

"A quarter of DC consultants surveyed ... rated avoiding fiduciary lawsuits as the most important consideration of their clients, compared with 29 percent who chose retirement outcomes. Of these consultants, who collectively advise on more than $4 trillion in DC assets, 84 percent recommended that clients compare plan costs with those of peers as one way to manage fiduciary risk. Another 55 percent said plan sponsors should avoid funds that charge performance fees."

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