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While those overseeing 401(k) plans at companies have a fiduciary duty to run the plans prudently, investing in a company's own shares is exempt from federal diversification requirements.
Overseeing an empire.
Lucent's only legal obligation in its 401(k) plan was to oversee the plan prudently for the benefit of its workers.
The Employee Retirement Income Security Act of 1974 allows companies to have their workers invest in company stock in their 401 k)'s without limit, as long as the companies adhere to their duty to oversee the plans prudently.
I oversee the rehab".
oversee the financing facility.
"He really oversaw everything".
He oversees Glamour.
"I oversaw every detail.
It currently oversees about $2 billion.
They oversee".
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CEO of Professional Science Editing for Scientists @ prosciediting.com