Charles Jaffe for the Philadelphia Inquirer is giving out the 2003 Lump of Coal Awards in this article: "In fund world, some merit lumps of coal for holidays."
Also, Morningstar.com has published "A Progress Report on Scandal-Tainted Fund Shops" which plan fiduciaries may find helpful.
For a Collage of Legalese on ERISA fiduciary concerns pertaining to the mutual fund scandal, I have collected all of the articles which have come to my attention so far (including the one here at Benefitsblog) and provided links to them here:
Articles by Law Firms and Attorneys:
Bullivant House Bailey, P.C.: "The Growing Mutual Fund Scandal: A Practical Guide for ERISA Fiduciaries."
Gardner Carton & Douglas: "How Should Plan Fiduciaries Respond to Current Investigations of Mutual Fund Practices?"
B. Janell Grenier, Esquire: "Plan Fiduciaries: Navigating the Rough Waters of the Mutual Fund Investigations."
McDermott, Will & Emery: "Fiduciary Responsibility in Light of U.S. Mutual Fund Industry Problems."
The Groom Law Group: "Market Timing & Late Trading - Issues Affecting Employee Benefit Plans."
Parker Poe: "Responses to Recent Mutual Fund Trading Scandal May Impact Retirement Plan Participants."
Pepper Hamilton LLP: "What ERISA Fiduciaries Should Do About the Mutual Funds Investigation."
Seyfarth Shaw: "Retirement Plans - Managing in the Mutual Fund Scandals."
Sutherland Asbill & Brennan LLP: "Fiduciary Duties and Recent Mutual Fund Developments."
Articles by Consultants:
AON: "Advice for Sponsors of Employer-sponsored Retirement Plans: A Prudent Fiduciary Response to the Mutual Fund Trading Scandals."
Blue Prairie Group: "The Mutual Fund Scandal: What Should Plan Sponsors Do?"
I will be adding these articles in a Section over the on the right entitled "Mutual Fund Investigations & ERISA" in the next couple of days.
By the way, the 401khelpcenter.com has collected some good links on the mutual fund investigations in "COLLECTED WISDOM™ on the Ongoing Mutual Fund Scandal."
Posted by B. Janell Grenier at December 15, 2003 09:48 PM