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Does the New Fiduciary Rule Apply to Plan Sponsors and Committees?
Cohen & Buckmann, P.C., via 401kTV Link to more items from this source
July 14, 2017
"[As] a plan fiduciary, you are responsible for monitoring those people and you need them to be compliant. In addition, you need to know whether your providers are cutting back on their services in order to avoid being classified as fiduciaries under the new Rule or whether they are required to put your participants' interests first. The Rule can even affect your own HR employees, who could become fiduciaries if they give advice to participants. Here is a short action list of steps for plan fiduciaries to take[.]"

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