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I'd be interested to hear what happens. It sounds like the contributions are technically made by the company, but I don't think that would absolve them of their fiduciary duties under ERISA. The company I work for today provides consulting services to 401(k) plan sponsors. One of the big reasons consulting firms like mine get hired is because ERISA is very strict and the plans want to be sure they are satisfying their duties. Offering low cost funds is basically the starting point. Those fees are beyond anything I've ever seen in the industry.
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# ¿ Apr 21, 2015 07:33 |
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# ¿ May 16, 2024 14:10 |