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Fiduciary Duty and Investment Advice: Attitudes of 401(k) and 403(b) Participants

This AARP survey of 401(k) and 403(b) participants examines a range of issues related to investment advice available to plan participants from the financial institutions that manage their plan (the “plan provider”) with a particular focus on reactions to the fact that such advice is typically not held to a “fiduciary” standard, meaning that the advice offered by plan providers to individual plan participants is generally not required to be in the best interest of the plan participants.     … Back to Article

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