Plan sponsors are increasingly unaware they’re fiduciaries, according to new research fromAlliance Bernstein.
According to a survey in which all respondents were fiduciaries,37 percent said they weren’t — a disturbing upward trend, since in2011, 30 percent of respondents to AB’s last survey on the topicgave that answer.
In addition, nearly half of plan sponsors said they didn’t usethe Department of Labor’s qualified default investment alternativesafe harbor protections.
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