Since actively managed funds have lagged index funds, does this case put their continued use in ERISA plans at risk?
Basic Members
On the face of it, American Airlines seemed to follow its documented process. So, what did the company do wrong?
All kidding aside, Valentine’s Day is more than cards, candy, and Cupid. It’s about renewing a vow to treat each other with the highest fiduciary standard.
Worse, if the “alternatives” alluded to by the paper entail government backed programs like Social Security, this could have a debilitating impact on encouraging people to be responsible for funding their own retirement.
Plan sponsors need to think about it in these terms: Does it make sense to have a pork-belly ETF on a 401k investment menu? How about orange futures?
To make the procedure more agonizing, the transition away from Chevron may feel like death by a thousand cuts. But the snail-like process of the courts has its benefits.
The process of transferring assets is not without its own liabilities. The exact nature of the fiduciary risk depends on the nature of the transfer.
Some believe it’s destined to become a cure-all for much of what ails retirement savings today. Others, well, they’re not so sure.
These are the stories that tell us what is most on the forefront of the minds of those most involved in the retirement plan industry. It tells us both what questions they’re asking and, perhaps, why they’re asking them. The articles that make this list don’t represent fads, but the never-ending hard reality in the everyday world of 401k plan sponsors and fiduciaries.
These Classic Movies (Unknowingly?) Promote The Fiduciary Standard
It seems like each decade produces a major box office hit that exudes fiduciary. This whole “best interest” thing seems to have caught on in Tinseltown. More recent movies have added a good dose of the “honesty” part of fiduciary.