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ERISA Section 404(c) Is Not Working
The Prudent Investment Fiduciary Rules Link to more items from this source
[Opinion]
Aug. 29, 2018
"[At] least two courts have suggested that if participants are not provided with the material information necessary to protect their interests, then the participants cannot be said to have exercised the control over their 404(c) account. So what constitutes 'sufficient information to make an informed decision?' Two consistent themes of ERISA are cost-control and risk management."

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