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Retirement Planning
Chapter 7: Plan Installation & Administration/EMPLOYEE RETIREMENT INCOME SECURITY ACT (ERISA)
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Chapter 7: Plan Installation & Administration

EMPLOYEE RETIREMENT INCOME SECURITY ACT (ERISA)

01.Core Concepts

• Protects employee benefits • Anti-alienation • Imposes fiduciary responsibility on plan management • Care, skill, and diligence of a prudent person acting solely in the interest of plan participants and their beneficiaries • Obligation to diversify plan assets • Must act in accordance with plan document • Must refrain from acts forbidden by law