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What Mutual Funds and Plan Advisers Hope Plan Sponsors and Plan Participants Never Realize
The Prudent Investment Fiduciary Rules Link to more items from this source
[Opinion]
Oct. 3, 2022

"The financial services industry and 401(k)/403(b) plan advisers like to avoid the issues of fiduciary duties, transparency, and cost-inefficiency by avoiding comparisons of fund performance and only discussing returns in terms of nominal, or publicly stated, returns. Unfortunately, nominal returns are often misleading when fiduciary duties and potential fiduciary liability is involved."

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