Code: Select all
Ticker e.r. Name
FAIRX 1.01% Fairholme Fund
SVBAX 1.16% J Hancock Balanced Fund
SGENX 1.13% First Eagle Global Fund
LSBRX 0.92% Loomis Sayles Bond Fund
CSDAX 1.08% Calvert Short Duration Income Fund
FDRXX 0.34% Fidelity Cash Reserves
????? Undefined, a stock picker does whatever they want (I called this the Madoff option,
there is no disclosure of what is going on with this option whatsoever)
In a company 401(k) meeting, the advisor (the "stock picker" mentioned for the Madoff option) said (paraphrasing) "If you aren't using the Madoff option, then just pick First Eagle for your stocks and Loomis for your bonds.
Has anybody got a 401(k) plan like this? If I was the fiduciary for this plan, I would have to quit or resign, but then again maybe it satisfies whatever the law (ERISA) says is needed. Does it?