I write a ton of articles as you may know and I will have advisors contacting me and suggesting some topic titles. I have adapted some of these suggestions, but there is one article idea that I had to turn down a few years ago.
I had an advisor who wanted me to write an article against the concept of trustee-directed/pooled 401(k) plans.
I won’t be writing that article anytime soon as I think plan participants are better off if trustees direct investments. But theorizing that is like telling people that Betamax was better than VHS, what is better isn’t always popular. Participant-directed invested 401(k) plans on a daily valued platform are the present and future, so no point in pushing trustee-directed plans either.
Trustee-directed plans are better because the smarter people in the room (advisors supporting the trustees) would be making investment decisions rather than the people with the least amount of background to do it.
