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The Downtown Marriott Hotel in Los Angeles, California

401(k) Plans
Fiduciary Liability Requirements

With Experts provided by:  401(k) Advisors, Inc.

Those accepting our invitation to attend included:  

Retirement Plans Manager - Claremont University Consortium * Human Resources/Risk Manager � Modern Parking, Inc. * VP & CFO - Mika Company * Systems Analyst - Transamerica Retirement Services * Benefits & Employee Services Manager - Metropolitan Water District of Southern California * President - Dawson Design

For the benefit of those of our members and supporters who could not
attend the meeting we present the following white papers, with contacts

Investment Due Diligence - 401(k) Plans

Author: Vince Giovinazzo
Contributed by: 401(k) Advisors, Inc.

Fiduciaries of qualified plans are required “to act with the care, skill, prudence and diligence under the prevailing circumstances that a prudent person acting in a like capacity and familiar with such matters would use.”  Over time this has evolved to become known as the “prudent expert” rule.  Fiduciaries lacking this type of knowledge (conceivably making them an “expert”) are directed by the regulations to hire one.  Unbeknownst to them, this is where many fiduciaries have failed to meet the mark, due to the widely held acceptance that registered representatives and/or registered investment advisors (RIA’s), are “experts”, when, in fact, the standards they must meet are minimal in scope and content.

Selecting & Monitoring 401(k) Plans

Authored by: Fred Reish, Esq. & Bruce Ashton, Esq.
Reish, Luftman, Reicher & Cohen
Contributed by: 401(k) Plan Advisors, Inc.

The 401(k) market sometimes ignores the central social and legal purpose of these plans: to provide retirement benefits to employees. Sponsoring a plan is not primarily about providing investments, even sound investments (though that is certainly important); instead it is about the adequacy and quality of benefits that participating employees are accumulating for retirement. Fiduciaries in participant-directed 401(k) plans are responsible for managing that process in a careful, skillful, knowledgeable and prudent manner.

For further information contact:

Nick Della Vedova

401(k) Advisors, Inc.

23461 South Pointe Drive, Ste 100
Laguna Hills, CA 92653

Tel: 949-460-9898
Fax: 949-460-9893

[email protected]

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