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Benefits Management: Retirement Plan Development Duties of Plan Sponsor/Administrator |
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As an employer who is in charge of selecting retirement planning options for all of your employees, you have a responsibility to ensure that appropriate options are available to your employees as individuals. Selecting suitable investment managers, retirement planning vehicles, and educating your employees are the most important pieces of this puzzle. It is extremely important that you realize this responsibility as an employer, and do your very best to provide your employees with the necessary information. The links below will provide further information on understanding your fiduciary duty.
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