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Donald P. Carleen, a partner at Fried, Frank, Harris, Shriver & Jacobson, writes that plan fiduciaries now have clear guidelines to follow to fulfill their fiduciary obligations under ERISA. Although the guidance does impose burdens on plan fiduciaries, including attempting all four of the mandatory search methods if necessary, the clarity it provides for fiduciaries with respect to their obligations when dealing with missing participants would seem to outweigh these burdens.
February 18, 2005 at 12:00 AM
1 minute read
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