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There are numerous (mostly differing) opinions on the real impact of the process agreement included in the GreatBanc/DOL legal settlement, but one thing is clear: it is getting fiduciaries across the country thinking a lot more about process and the liability ESOP trustees assume when they take control of an ESOP trust.

The purpose of this brief article is to suggest an interview script that reflects a list of areas that an ESOP company should want to understand completely before handing over this extremely important role to an outsider.

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