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Will the Alternative Assets Intel Added to Its 401(k) Plan Backfire Legally as Well as Financially?
RIABizLink to more items from this source
Nov. 16, 2015

"[T]he investment committee ... at Intel Corp. might have been hailed as heroes for calling a market top in 2007 and rotating funds from the company's 401(k) plan into hedged investments. Indeed, in 2008 Intel's loss in the pension funds was mitigated slightly because its hedge fund portfolio lost 17% in the 2008, whereas in the same time period, the S&P lost 38.5%. But since then, Intel has continued to double down on hedge and private equity-style exotica with its 401(k) assets and the results have sparked what could be a nasty precedent-setting ERISA-invoking class action."

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