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Public Agencies May Need Help “Managing” Their Managed Account Offerings

Public Agencies May Need Help “Managing” Their Managed Account Offerings

by Jeff Chang | Sep 16, 2021 | 401(a), 457(b) Plans, Fiduciary Responsibilities, Plan Administration, Record Keeping

Although financial industry reports reveal that more and more plan sponsors are offering managed account options, it is not clear that public agency 457(b) and 401(a) plan fiduciaries understand their responsibilities to select and monitor these investment options....

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