Fact vs Fiction The Potential Risks and Rewards of Hiring 3(16) Fiduciaries
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Over the past 3 months we have highlighted three firms providing 3(16) Fiduciary Services. This paper is prepared by The Wagner Law Group. Although Plan Sponsors may hire various service providers, they typically retain primary responsibility for the management of their Plans as fiduciaries under ERISA. This White Paper discusses the risks and rewards of hiring such a Fiduciary.
