"The proposal's safe harbor seeks to establish a legal presumption that fiduciaries meeting certain conditions have acted prudently in their DIA selections. This presumption, if upheld by the courts, should lower the risk profile of compliant selections, including defense, settlement, and insurance costs. Lower risks and costs may encourage fiduciaries to incorporate alternatives and other less traditional investments into their DIAs, either as standalone options or, we think more likely, as components of professionally managed target-date or other pooled fund options."  MORE >>