For all the rose-colored eyes that have a created a legend flawless certitude concerning memories of a time that never existed, pension plans simply canât measure up to 401k plans.
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Herein lies the potential for a direct conflict of interest. This applies generally to all proxy voting in commingled portfolios.
All kidding aside, Valentineâs Day is more than cards, candy, and Cupid. Itâs about renewing a vow to treat each other with the highest fiduciary standard.
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.
CITs can only be offered within the confines of a trust relationship. That means the plan itself might be structurally different than one that has an investment menu limited to mutual funds.
These Classic Movies (Unknowingly?) Promote The Fiduciary Standard
It seems like each decade produces a major box office hit that exudes fiduciary. This whole âbest interestâ thing seems to have caught on in Tinseltown. More recent movies have added a good dose of the âhonestyâ part of fiduciary.