Tag: fiduciary
Having recently argued that Bitcoin does not belong in 401(k) plans, a reporter asked me my view regarding private equity. While private equity – unlike Bitcoin – passes the threshold test under ERISA of being a generally acceptable asset class to a broad group of investors – most importantly trustees of defined benefit plans –…
The Securities and Exchange Commission has decided to allow Amazon.com Inc.’s shareholders to vote on a proposal requiring the company to prepare a report assessing the extent to which the company’s current retirement plan investment options align with its corporate climate action goals. This proposal is being pushed by a nonprofit shareholder advocacy group As You Sow. T…
