| An independent fiduciary: value, transparency, and support for your 401(k) plan. | |
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MedLine Citation:
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PMID: 20480778 Owner: NLM Status: MEDLINE |
Abstract/OtherAbstract:
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Physicians who sponsor 401(k) plans for their employees must protect themselves from allegations of fiduciary breach related to investment losses or fund mismanagement. Selecting an independent fiduciary to assume legal responsibility for selecting, monitoring, and replacing plan investment options provides support, transparency, and protection from legal exposure. Physicians who select an independent fiduciary for their practice's 401(k) plans continue to administer the fund, but limit their legal liability and ensure that investment recommendations come with full accountability. This article explains the role of independent fiduciaries and their importance in medical practice management. |
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Authors:
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Gisle Sorli |
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Publication Detail:
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Type: Journal Article |
Journal Detail:
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Title: The Journal of medical practice management : MPM Volume: 25 ISSN: 8755-0229 ISO Abbreviation: J Med Pract Manage Publication Date: 2010 Mar-Apr |
Date Detail:
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Created Date: 2010-05-19 Completed Date: 2010-06-16 Revised Date: - |
Medline Journal Info:
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Nlm Unique ID: 8605494 Medline TA: J Med Pract Manage Country: United States |
Other Details:
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Languages: eng Pagination: 298-300 Citation Subset: T |
Affiliation:
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McLean Asset Management Corporation, 8200 Greensboro Drive, Suite 1150, McLean, VA 22102, USA. gisle.sorli@mcleanam.com |
Export Citation:
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| MeSH Terms | |
Descriptor/Qualifier:
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Employee Retirement Income Security Act Humans Investments / legislation & jurisprudence* Liability, Legal* Pensions* Practice Management, Medical / legislation & jurisprudence* United States |
From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine
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