Good afternoon, PLANSPONSOR Weekend readers. Plan sponsors are always looking for new ideas to improve their plans, and this week, several news articles put forth new thinking about investments. Also, the Employee Benefit Research Institute (EBRI) reported this week that retirement confidence is rising, but is that confidence justified? In addition, several things came out of the courts this week, but arguably the most interesting is the preliminary approval of a settlement of the now-famous Employee Retirement Income Security Act (ERISA) lawsuit that set a new standard of pleading for stock drop cases. Enjoy this edition and have a wonderful weekend, everyone!
“Industry-wide averages can be misleading, and may be doing investors a disservice by giving them the perception that all active funds cannot outperform passive funds, which is simply not true,” says Timothy Cohen at Fidelity.Read more >