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Blueprint for 401(k)/403(b) Investments and Litigation
The Prudent Investment Fiduciary RulesLink to more items from this source
Nov. 29, 2021

"[An] investor and/or investment fiduciary simply has to answer two simple questions: [1] Does the actively managed fund provide a positive incremental return relative to a comparable index fund? [2] If so, does the actively managed fund's positive incremental return exceed the actively managed fund's incremental costs? If the answer to either of these questions is 'no,' then the actively managed fund is not a prudent investment choice relative to the benchmark index fund."

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