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Get ERISA Plans Need To Be Especially Careful To Review Proposed Contracts With Service

12 T o effectively operate, almost all plans subject to the Employee Retirement Income Security Act (ERISA) must hire and, therefore, contract with consultants, insurers, administrators, investment advisors and other service providers. Many service providers will propose the plan execute their standard contract, which may range from just a few pages to hundreds of pages. Because ERISA requires that plan fiduciaries act prudently when entering into contracts with service providers, i.

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