Tag: fiduciary

ERISA acroynm spelled out on a cardboard paper

How important was the 1974 legislation compared to other factors? This year is the 50th anniversary of the Employee Retirement Income Security Act of 1974 (ERISA), so Yale Law School professor John Langbein’s recent article “ERISA’s Role in the Demise of Defined Benefit Pension Plans” seemed timely.  My view is that a lot of factors…

Graphs and stock market tickers laid overtop each other

Having recently argued that Bitcoin does not belong in 401(k) plans, a reporter asked me my view regarding private equity.  While private equity – unlike Bitcoin – passes the threshold test under ERISA of being a generally acceptable asset class to a broad group of investors – most importantly trustees of defined benefit plans –…