Sponsors of 401(k) plans are not required to form an investmentcommittee under the Employee Retirement Income Security Act, whichexplains why so many plans—even large ones—operate without one.
That’s a dangerous proposition, according to Jason Roberts, anERISA attorney and CEO of the Pension Resource Institute.
Roberts travels the country advising plan sponsors and planadvisors on how to not run afoul of their fiduciary obligationsunder ERISA.
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