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Overview of Recent Guidance on Selecting and Monitoring Retirement Plan Service Providers
McDermott Will & Emery
June 28, 2005
Excerpt: The Department of Labor (DOL) and the Securities and Exchange Commission (SEC) jointly released tips for plan fiduciaries on selecting and monitoring investment consultants. In addition, the DOL previously released general guidance for plan fiduciaries on selecting and monitoring employee benefit plan service providers, such as recordkeepers. [The target page] is a summary of the guidance along with suggestions for steps plan fiduciaries should take.
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