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Defined Contribution Account Manager Nova 401(k) Associates
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Retirement Plan Disclosure: Ethical Principles and Legal Obligations
Social Science Research Network [SSRN]
July 17, 2007
Excerpt: Failure or refusal to fully disclose fees, expenses, revenue sharing, and other hidden costs is causing hundreds of thousands of 401(k) and similar plans to operate outside the realm of fiduciary prudence, unknowingly engage in prohibited transactions, and unnecessarily erode the future benefits belonging to participants and beneficiaries.
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