Most interesting, though, may loom the warning of Justice Alito: When is comes to fiduciary duty, disclosure isnât enough. One wonders if the DOL is listening.
At one point within two days of a total meltdown, our financial markets appear to have recovered. Can we now say with certainty what went wrong? Will misguided âsolutionsâ only place our markets are risk once more?
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, Iâll share my experiences with you here.
$16.5 million is a large price to pay for disclosure and due diligence a plan fiduciary can simply and consistently address. This may be the easiest action a 401k plan fiduciary to take to prevent the camel from sticking his nose under the tent.