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Top Ten Most Widely Read Fiduciary News Stories in 2010 (Part I of II)

December 28
23:49 2010

(This is a first of a two-part series highlighted the stories that drew the most interest among Fiduciary News readers in 2010.)

Years from now, we may well remember 2010 as the opening act for 2011. The year introduced long-awaited regulatory action on so many long simmering issues. Yet, as of year-end, these issues remain for the most part unresolved, auguring the 231767_7524_ten_yard_marker_stock_xchng_royalty_free_300potential for an exciting – if not controversial 2011. While we patiently wait for the answers, now might be a good time to relive some of the issues that drove the news in 2010.

What were some of these issues? How did they impact the fiduciary liability of 401k plan sponsors? Where did the hottest debates dwell? For answers to these compelling questions, we turned to our own internal analytics to determine the top ten most widely read Fiduciary News stories in 2010.

#10 “A Hidden Fiduciary Liability for Plan Sponsors: The Five Most Critical Problems with Target Date Funds,” (September 14, 2010) This was the second in a series of five articles on target date funds, one of the biggest topics of 2010. This particular story asks whether the vast unknowns inherent with Target Date Funds have perhaps created a new fiduciary liability where none has previously existed.

#9 “CITs in 401ks: The Good, the Bad and the Ugly,” (March 22, 2010) As usual, be careful about elixirs marketed as cure-alls. Personally involved in creating CITs in the early 1990s specifically to market to 401k plans, the author shares his experiences with the reader.

#8 “Exclusive Interview with Stanford Professor Charles Lee: Why Fees May be Less Important to 401k Plan Sponsors,” (October 26, 2010) Professor Lee’s research exposes two myths that make it critical for 401k plan sponsors to fully vet all the relevant academic studies as part of their standard due diligence process.

#7 “5 Reasons Why a 401k Plan Fiduciary Should Reconsider Using ETFs,” (February 1, 2010) Sometimes something that appears too good to be true really is. Professionals have long known the potential pitfalls of ETFs. Only recently have these facts become more widely known. Don’t be surprised if, like a tube of toothpaste, squeezing one problem away only creates a bulge in a different problem.

#6 “Is the Fiduciary Standard Enough? 3 Critical Fiduciary Duties Every ERISA Plan Sponsor Must Know,” (May 18, 2010) Will Congress, the SEC and the DOL upgrade the current fiduciary standard to the trust model used by bank trust departments so successfully for more than a century?

For the top five, see the article “The Five Most Widely Read Fiduciary News Stories in 2010 (Part II of II).”

About Author

Christopher Carosa, CTFA

Christopher Carosa, CTFA


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