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Step Aside, 3(16): The 402(a) Fiduciary Is the New Flavor of the Week
DWCLink to more items from this source
Aug. 24, 2021

"The new sales pitch is that by hiring an outsourced 402(a) fiduciary absolves itself of even more liability.... The outsourced 402(a) then hires all of the rest of the downstream service providers, which may or may not act in a fiduciary capacity.... There is a lot of smoke and mirrors in how these arrangements are sold."

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