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The Ayres Saga Continues 

By now you have undoubtedly heard about the recent effort by Prof. Ian Ayres of the Yale Law School to threaten plan sponsors with negative publicity for voluntarily offering their employees “high cost” 401(k) plans (see “Love Letters from Yale” and “Yale Responds”).
 
ASPPA has sent our own letter — co-signed by plan sponsors who personally received the professor’s letter — to the dean of Yale Law School, Robert C. Post. In it, we discuss the flaws of the professor’s research and request a meeting regarding steps the school should take to address the damage that the professor has done by irresponsibly contacting more than 6,000 plan sponsors based on a faulty premise. You can read a redacted version of the letter here.
 
We will keep you posted on what happens next.

Brian Graff is the Executive Director/CEO of ASPPA and NAPA.

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