Third-party fiduciary services growing

Published 5 Min Read

As plan sponsors become more aware of their fiduciary responsibilities, advisers and investment managers who offer to help them manage some of that responsibility have become more popular.

Under the Employee Retirement Income Security Act, plan sponsors have a duty to act prudently. They must monitor investments in their employer-sponsored retirement plans on a regular basis, says Jason Schwarz, president of Wilshire Funds Management in Santa Monica, Calif.

Paula Gladych
Freelance writer

Paula Aven Gladych is a contributing writer based in Denver.


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