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Third-Party Risk Management Is a Vital Fiduciary Discipline
Roland|Criss 
May 24, 2023 "[M]any third-party vendors now delegate primary functions to other contractors. These 4th (and nth) party 'subservice' vendors often escape the monitoring required of operations managers and plan committees by federal retirement and health plan laws.... The delegation tactics used by employee benefit plan service providers place a premium on third-party risk management (TPRM) as a strategy." |
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