“Fiduciaries have the most important yet most misunderstood role in the investment process: to manage the Investment practices without which the other components of the investment plan can be neither defined, implemented or evaluated...”

As spectacular as the scandals like Enron, WorldCom, and Tyco were; the money lost through the illegal activity and greed that was prevalent in these cases pales in comparison to that which is lost regularly through simple mismanagement of retirement plan assets. In the vast majority of cases, it is not a matter of willful misconduct on the part of the fiduciary~ but simply a lack of understanding of how best to manage their responsibility.