Guest Brianxyz Posted December 17, 2003 Report Share Posted December 17, 2003 I am searching for regarding fiduciary liability and imprudent investment decisions. Specifically, a one-fund dc plan has a "satisfactory" rate of return over its life or any certain long-term period, but for one year, the assets tanked. Any help in pointing me towards citations about whether the plan's rate of return and investment policy can be looked at over time, or whether the one calendar year can be disassociated from the rest, would be appreciated. Link to comment Share on other sites More sharing options...
mbozek Posted December 17, 2003 Report Share Posted December 17, 2003 there are hundreds of cases. They are located at 29 USC 1104(a)(1)(B). As a general rule a one year decline in the value of plan assets not an indication of imprudent investment, e.g., in Oct 87 the stock market had a one day decline of 22% and did not come back to the Oct 87 level for 16 months. mjb Link to comment Share on other sites More sharing options...
Guest Brianxyz Posted December 17, 2003 Report Share Posted December 17, 2003 Thank you. I appreciate the help. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now