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URL:  http://boards.fool.com/tmfjeanie-you-may-want-to-check-erisa-section-20146082.aspx

Subject:  Re: 401(k) investment choices Date:  1/13/2004  3:02 PM
Author:  babyfrog Number:  38518 of 78168

TMFJeanie,

You may want to check ERISA section 404(c) and the fiduciary responsibilities of companies offering defined contribution plans. Here's a good resource on the matter, in human readable terms: http://www.gcd.com/db30/cgi-bin/pubs/ScheidtWolfe.pdf

From my (uneducated, unprofessional) understanding, compliance with 404(c) is what allows defined contribution plan sponsors to not be responsible for investment losses felt by participants within the plan.

And (along with other requirements) I believe that in order to comply with 404(c), a series of reasonable and diversified choices needs to be made available