Golden tells us how Swensen’s books have explained why a fiduciary cannot use a cookie-cutter approach.
Tag "hidden fee"
Camels, Clods, and Ostriches rule the week.
As bad a some industry players are, it’s always caveat emptor. Both plan sponsors, in their role as fiduciaries, and 401k investors must assume personal responsible and be accountable for their own retirement.
In choosing ratings points over debate points, Smith sacrificed the logic of the straight-forward for the pyrotechnics of a religious argument, and, in doing so, lost credibility with that portion of his audience that knew better.
In that drive for ratings points, producers often – willingly or unwillingly – must make a pact with the devil.
If they only stayed on the straight and narrow path, they would have proved their point.
FiduciaryNews Trending Topics for ERISA Plan Sponsors: Week Ending 9/25/15
401k Works, Hidden Fee Bad, and Investor PTSD.