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    Tue, Feb 25
    Feb 25, 2020, 7:00 PM
    Online

3ethos CEO Don Trone published an article for Napa-net.org on why a fiduciary advisor may want to include participants are included in investment decision-making.


don trone father of fiduciary behavioral governance

Aristotle identified prudence as the ability to understand the perspectives of others — being able to see another person’s point of view. Therefore, the duty to be prudent raises two interesting questions for 401(k) plans:


• Is it a good idea to get the perspective of rank-and-file participants by having them serve on the investment committee?

• Can a plan sponsor be certain that it is being prudent if rank-and-file participants are not actively involved with the investment committee?.



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