is impossible for ideas to compete in the marketplace if no forum for
their presentation is provided or available."
Thomas Mann, 1896
The Downtown Marriott Hotel
in Los Angeles, California
With Experts provided
401(k) Advisors, Inc.
our invitation to attend included:
Retirement Plans Manager -
Human Resources/Risk Manager –
VP & CFO -
Mika Company *
Systems Analyst -
Benefits & Employee Services Manager -
Water District of Southern California *
benefit of those of our members and supporters who could not
attend the meeting we present the following white papers, with contacts
Investment Due Diligence -
Contributed by: 401(k) Advisors, Inc.
Fiduciaries of qualified plans are
required “to act with the care, skill, prudence and diligence under the
prevailing circumstances that a prudent person acting in a like capacity and
familiar with such matters would use.” Over time this has evolved to become
known as the “prudent expert” rule. Fiduciaries lacking this type of
knowledge (conceivably making them an “expert”) are directed by the
regulations to hire one. Unbeknownst to them, this is where many
fiduciaries have failed to meet the mark, due to the widely held acceptance
that registered representatives and/or registered investment advisors (RIAâ€™s),
are “experts”, when, in fact, the standards they must meet are minimal in
scope and content.
& Monitoring 401(k) Plans
Authored by: Fred Reish, Esq. & Bruce
Reish, Luftman, Reicher & Cohen
Contributed by: 401(k) Plan Advisors, Inc.
The 401(k) market sometimes ignores the central social
and legal purpose of these plans: to provide retirement benefits to
employees. Sponsoring a plan is not primarily about providing investments,
even sound investments (though that is certainly important); instead it is
about the adequacy and quality of benefits that participating employees are
accumulating for retirement. Fiduciaries in participant-directed 401(k)
plans are responsible for managing that process in a careful, skillful,
knowledgeable and prudent manner.
further information contact:
Nick Della Vedova
401(k) Advisors, Inc.
23461 South Pointe Drive, Ste 100
Laguna Hills, CA 92653
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