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Fiduciary Tool Kit For Compliance: Common Errors In Qualified And Nonqualified Retirement Plan Administration, Susan E. Bernstein, Mark E. Brossman, Hugh A. Mallon Iii
Fiduciary Tool Kit For Compliance: Common Errors In Qualified And Nonqualified Retirement Plan Administration, Susan E. Bernstein, Mark E. Brossman, Hugh A. Mallon Iii
Journal of Collective Bargaining in the Academy
The Investment Company Institute reported that
U.S. retirement plan assets reached $21.7 trillion
as of Sept. 30, 2013, which represents 34 percent of
all household financial assets in the U.S.1 The Department
of Labor reported in June 2013 that 88.7 million
Americans have defined contribution plan accounts,
based on data from 2011 annual reports.2 With so many
millions of people depending on these plans for retirement
security, the government has placed significant legal
requirements on the role of fiduciaries. Employers
that sponsor retirement plans are being put under an increasingly
high degree of scrutiny for their actions and
inactions with …