Should the platform offer ESG doesn’t necessarily mean good news for the 401k plan sponsor. Including ESG funds might introduce other risks.
Posts From Christopher Carosa, CTFA
Unbelievable reg claims, unbelievable fiduciary aims, unbelievable stock maims.
“Honest Abe” earned his nickname very early in life. In fact, perhaps the most famous narrative defines the very nature of fiduciary loyalty. And, of course, it deals with the flow of and caretaking of pecuniary assets. In this manner, Lincoln, more than Washington, better represents the modern ERISA fiduciary.
DOL Rule Fight, Un-Safe Harbor, and Ben Graham = Godot?
Normally, interest rates rise with inflation. In turn, bond rates rise with interest rates. But that hasn’t happened. In fact, short rates remain at historic lows. This means folks sitting in money markets or “safe” government bonds (and bond funds) are seeing their retirement savings eroded away.
Courts for, against courts, and market reality.
If you’re a fiduciary of the acquiring plan, you want to make sure you’re not burdened with any unknown liabilities. If you’re a fiduciary of the acquired plan, you want to make sure the merger process doesn’t introduce new liabilities.
Carrots & sticks, from Capone’s Vault, and attacking Sacred Cows.
What would it take to realize the fiduciary liability of overtly using “risk tolerance” metrics? And what can 401k plan sponsors do about it?
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 3/4/22
Active regulators, chickens roosting at home, and stretching investments.