Bitcoin: Coming to a 401(k) Plan Near You?
If You are Going to Exclude Active Funds from Your Retirement Plan Investment Lineup, Have Darn Good Reasons
Our previous report on Bitcoin (BTC), and the conclusions therefrom, remain relevant today. In short, the prudence in adding Bitcoin to a retirement plan is questionable, at best. Click here and read through our previous post discussing cryptocurrency and its supporting technology. Greater media coverage has caused BTC interest to grow exponentially, as has its Read More →
DOL: No Enforcement of Rules on ESG Investments & Proxy Voting
The tidal surge of funds flowing from actively managed funds into passive funds reached a tipping point in 2019, when Morningstar preliminary data indicated that passive U.S. equity assets would surpass active equity assets for the first time. This inflection point was widely anticipated. Over the prior decade, active domestic equity funds leaked $1.3 trillion Read More →
On March 10, 2021 the Department of Labor (DOL) issued a “Statement Regarding Enforcement of its Final Rules on ESG Investments and Proxy Voting by Employee Benefit Plans” (the “Statement”). The Statement addresses the DOL’s present position regarding final rules the DOL published that amended investment duties of fiduciaries under the Employee Retirement Income Security Read More →