401K Mutual Funds Fail Fiduciary Prudence Test

Our recent analysis of the top ten mutual funds in 401(k) plans revealed that 7 of the 10 funds failed to pass our simple fiduciary prudence test. The funds were evaluated based on their five-year performance between 2011-2015. The findings should alert both 401(k) sponsors and plan participants to the possible implications, both in terms of prudent investing and potential liability issues.

The results of the test can be found at http://bit.ly/1OBD8xI

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