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International Paper - PLANSPONSOR.com

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Case 3:06-cv-00703-DRH-CJP Document 2 Filed 09/11/2006 Page 47 of 52or are, unreasonable and/or not incurred solely for the benefit of Plan participantsand beneficiaries;B. Allowing the Plans to pay – directly on indirectly -- fees and expenses thatwere, or are, unreasonable and/or not incurred solely for the benefit of Planparticipants and beneficiaries;C. Failing to monitor the fees and expenses paid by the Plans and, by suchfailure, causing and/or allowing the Plans to pay fees and expenses that were, orare, unreasonable and/or not incurred solely for the benefit of Plan participantsand beneficiaries;D. Failing to inform themselves of trends, developments, practices, and policiesin the retirement, financial investment and securities industry which affect thePlans; and failing to remain aware and knowledgeable of such trends, practicesand policies on an ongoing basis;E. Failing to inform themselves of, and understand, the various methods bywhich vendors in the 401(k) industry collect payments and other revenues from401(k) plans;F. Failing to establish, implement, and follow procedures to properly andprudently determine whether the fees and expenses paid by the Plans werereasonable and incurred solely for the benefit of Plan participants;G. Failing to <strong>com</strong>municate with Plan participants and beneficiaries regarding thePlans honestly, clearly and accurately;H. Failing properly to inform and/or disclose to Plan participants the fees andexpenses that are, or have been, paid by the Plans;47

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