News
O`ahu Fresh Special Guests Gary & Margo Make A Delivery Appearance
O`ahu Fresh had its first group of special guests join us on the fresh, local delivery road. They came to Hawaii for a nice, relaxing vacation, little did they know they would be knee deep in Japanese cucumbers and Thai Basil, driving all over Honolulu in a 16 foot refrigerator truck, and bringing bags of fresh, local produce to offices in Honolulu.
Conventional Wall Street wisdom says patience is key to a winning long-term investment plan. But with buy-and-hold, average stock market investors spend twothirds of their time working to break even - trying to recover from cyclical downturns. Stadion believes the best way to achieve investment success is to avoid big losses in the first place. view article
Just out of Reish:Past, Present, and Future
Monitoring 401(k) investments
It is well-accepted that plan sponsors—usually through their committees—must, in their role as investment fiduciaries, prudently select and monitor 401(k) investments and, if necessary, remove and replace inferior investments. This article is about the process for monitoring.
There are three time frames involved in monitoring investments: the past, the present, and the future. Of those three, the future is the most important. That is because the objective of monitoring is to determine whether an investment is likely to perform reasonably well in the future as compared with similar investments, i.e., its peer group. The roles of the past and the present are to help make decisions about the future.
For our purposes, the past and the present are quantitative and qualitative analyses. Fiduciaries should examine past data, or quantitative information, to help make the decisions about the future. Correspondingly, fiduciaries should evaluate the present, or qualitative information, to make decisions about anticipated future performance. These concepts have found their way into the law through court decisions and DoL guidance. Those authorities have taken the position that ERISA's investment principles are based on prevailing investment industry practices and generally accepted investment theories, which include the use of quantitative and qualitative criteria to select and monitor mutual funds and similar vehicles.
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Newsletters:
• October 2010
