There has been a lot of press attention recently about contingent commissions and other undisclosed fee payments paid to brokers and money managers. While this is a concern generally to anyone purchasing a financial product, it is a crucial matter under the Employee Retirement Income Security Act of 1974 (ERISA), since a retirement plan sponsor has a fiduciary duty to plan participants in making decisions concerning the hiring and monitoring of plan advisers.;
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Nov_Dec_2005_145-146
SEC and Labor Issue Guidance on Hiring Plan Advisers by Gayle M. Meadors, P.C.
