Serving fiduciaries


In 2018, the Employee Benefits Security Administration (EBSA) Restored Over $1.6B for Employee Benefit Plans – a wakeup call for board members and trustees.

There are 694,000 retirement plans, and 2.2 million health plans covering over 143 million workers in the US. As fiduciaries, we must remember that they depend on us to act in their best interest at all times. In a time when more workers are retiring, proper corporate governance is increasingly important. A recent article in […]

String Theory and Investing: Algorithms and Portfolio Management

Most of us think of Albert Einstein or Stephen Hawkins when we hear the words “String Theory”. We envision nerdy scientists exploring three, four, or more  dimensions of time/space when researching Black Holes, for example. Physicists use algorithms to simplify and interpret data to prove their theories. Interestingly, the use of algorithms has become much […]

Modern Art and Fiduciary Governance

“Peter Cooper wanted his graduates to acquire the technical mastery and entrepreneurial skills, enrich their intellects and spark their creativity, and develop a sense of social justice that would translate into action.” Following his stint in the US Army in WW II, Tom Wesselmann left his home in Ohio to attend the Copper Union for […]

200 Year Old Orphanage Succumbs to a Ponzi Scheme: Another in Our Series of the Consequences of Poor Fiduciary Governance

The Hillcrest Children’s Center was founded in 1812 as a resource for the orphans of the War of 1812. Over the next 192 years, Hillcrest its operations and funding resources grew in excess of $8 million.

Tibble v. Edison: The Importance of looking beyond the Investment Committee

The  decision by the US Supreme Court in the Tibble v Edison Case this past spring further highlights the complexity of having to deal with a broad range of fiduciary compliance issues.

World’s Largest Coal Company Faces ERISA Suit

Peabody Energy Corporation is facing a class action lawsuit alleging violations of the Employee Retirement Income Security Act (ERISA) by continuing to offer company stock as an investment in several defined contribution (DC) plans.

Arrogance Almost Closes a 115 year old University

115 Year old University Fails to Follow Proper Fiduciary Practices and Devastates the Legacy of its Founder. This is a good case where there is value to integrating fiduciary due diligence with strategic planning.

Nationwide Fined $140 Million in Breach of Fiduciary Duty Case

In almost all breach of fiduciary cases, the plan trustees fail to follow a prudent process.

CEFEX Offers Legal Risk Mitigation for Plan Sponsor

The global certifier, CEFEX based in Toronto, can help with the mitigation of legal risk for plan sponsors. From the CEFEX press release of 08-30-12: “Today we are announcing a legal opinion letter which helps plan sponsors mitigate the risk associated with the selection of service providers.