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401(k) Plan Cash Equivalent Investment Options
Fiduciary Investor 
[Opinion] Dec. 24, 2008
Excerpt: From a modern portfolio theory perspective, cash equivalents anchor the efficient frontier and are necessary both as a standalone option or to modify the risk profile of a portfolio of either bonds or stocks, in order to meet the normal range requirement. Therefore, it is often interpreted to be a required core asset in a 401(k) plan.
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