The document discusses the implications of investing in the Access Fund for ERISA Plans and Individual Plans, focusing on fiduciary responsibilities and prohibited transactions under ERISA and the Code. It highlights the 2017 Fiduciary Rule and its impact on fiduciary relationships, particularly the Seller's Exclusion for sophisticated institutional ERISA Plans and smaller ERISA Plans represented by a sophisticated independent fiduciary. The document also addresses the potential for the Access Fund's assets to be considered 'plan assets' and the conditions under which this would apply.
documents/EFTA01390792.pdf
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