Coronavirus (COVID-19) News and Resources
Coronavirus (COVID-19) Webcasts
Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

Retirement Plan Processor
T Bank NA logo
T Bank NA
(Dallas TX)
Defined Contribution Account Manager
Nova 401(k) Associates logo
Nova 401(k) Associates
(Houston TX / Dallas TX / Scottsdale AZ / Telecommute)

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn

<< Previous news item   |   Next news item >>

A Proposed Method for Meeting the Dudenhoeffer Standard (PDF)
Allen Buckley LLC Link to more items from this source
Aug. 14, 2014
"[W]ith respect to a company the stock of which is publicly-held, it should be lawful and prudent to choose reputable analysts that track the stock and use a majority opinion with respect to them to make the prudence determination.... If a majority rated the stock as a 'hold' or better, it would be deemed a prudent investment.... A non-insider employee ... could be required to track the results as of a date in each quarter, and report the results to the investment fiduciary or fiduciaries. An interim analysis could be performed if an unusual event occurred that caused a sudden stock value drop. The plan in issue could be drafted to provide for [this] system of analysis[.]"

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2020, Inc.