Part of being a responsible fiduciary is providing options for 401(k) members. Traditional mutual funds and buy and hold strategies were the standard for many 401(k) plans. However, new technologies and methods have made it possible for active money management to be part of a qualified plan.
Given the volatile market we have been experiencing for a number of years, it would not be a surprise for a 401(k) member to ask why active money management was not a part of their plan. Imagine the motivation a group of employees would have after their portfolios had collectively dropped thirty or forty percent though a traditional buy and hold strategy.
Below are resources you may find helpful in assessing your investment needs.
What Is Prudent for a 401(k) Sponsor?
You might be a fudiciary if ....
** For more information, click here to contact Pensionmark- Madison