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Is Using Active Investment Management a Fiduciary Breach? Part 6
Fiduciary Plan Governance, LLC 
Aug. 25, 2016
"Is it prudent ... to include in fund lineups selections from a group that as a whole and even in highly select sub-groups consistently fails to deliver returns greater than low cost index tracking funds? Isn't the prudent choice to simply index everything at the lowest possible cost and be done, at least when it comes to 401(k), 403(b) and any other fiduciary plan fund lineup? ... Since, under ERISA, prudence is a process, begin by asking if the added cost of the active approach you are considering is justified given the low probability of achieving additional return."
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