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What percentage of 401k plans with over 50 employees are trustee directed?

Mar 12, 2012 by gary from Wynnewood, PA in  |  Flag
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I would suggest less than 1%. In today's environment, having the investmetns trustee directed in asking for a fiduciary lawsuit. You can do a great job, and one bad year, and one bad jury can cost you all you have. Per United States Code 29 U.S.C. § 1109, fiduciaries can be held PERSONALLY liable for any "losses to the plan..." . If you need assistance in converting to a 404(c) compliant plan (portion of code that gives trustees/fiduciaries a safe harbor on participant directed when all conditions in the code are met), visit us at www.benassured.com

Comment   |  Flag   |  Mar 12, 2012 from East Dundee, IL

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