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Who Should Be Trustee of Your 401(k) Plan?
E is for ERISA Link to more items from this source
July 29, 2022

"The first consideration is whether or not to choose an institutional or third-party trustee such as a bank or trust company.... Start-up and smaller plans often select an individual who is an executive or owner of the company sponsoring the plan to serve as plan trustee.... Whether an individual or board committee carries out plan trustee functions, the individual(s) serving in this role should commit to introductory and ongoing fiduciary training."

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