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2 steps to reduce 401(k) fiduciary liability

Its amazing how much anxiety 401(k) plan sponsors have over their duty to select investments when its so easy to mitigate that liability.

By Chris Carosa | Updated on October 17, 2012

What’s the biggest concern most 401(k) plan sponsors have about their fiduciary duty? It’s not making sure deferrals occur on a timely basis (they hire good people to make sure that happens).

It’s not making sure their employees invest enough for retirement (yeah, that worries them, but it’s not at the top of the list). It’s not even that they’re paying too much in fees (let’s not even go there).

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