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Ann L. Combs, assistant secretary of the U.S. Labor Department’s Employee Benefits Security Administration, has a message for corporate retirement plan sponsors who learn that mutual funds their plan offers are under investigation: Don’t panic. “People shouldn’t panic and shouldn’t pull out, especially early on,” says Combs, adding that investigations don’t always turn up wrongdoing. “You could find yourself pulling out of a fund and going into another fund only to find that they then become the subject of an investigation.”

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